Managerial accounting is used internally by businesses for cost management, planning and controlling, and strategic decision-making. Managerial accounting emphasizes the relevance and timeliness of data. The managerial accounting topics covered in this course include application of cost within corporate environment, break-even analysis, budgeting and differential analysis. 2 credits Prerequisites: ACCT 100 or ACCT 210
Note: Students who receive credit for ACCT 200 may not receive credit for ACCT 215.
Financial accounting is an integral part of the planning, reporting and control functions of every business. It is a means to achieving insights about the firm's financial condition, operating results, cash flows and ownership and capital structure. This course covers the fundamental terminology and calculations of financial accounting and reporting, as well as the comprehension and interpretation of financial statements. Ethical aspects of accounting are included. Prerequisites: NONE.
This course is designed to give students an introduction to managerial accounting concepts. Students will learn how financial data including, cost information, is used in planning, controlling and decision-making. Topics include, but are not limited to, cost classification, profit planning, cost allocation, activity-based costing, contribution margin analysis, cost-volume profit analysis, and relevant decision making analysis. Ethical aspects of decision making are included. Cannot be taken for credit if ACCT 605 has previously been completed. Prerequisite: ACCT 601.