Identify the differences between financial and managerial accounting.
Illustrate the accumulation of costs in cost accounting systems.
Describe the basic elements of the budgeting process, its objectives and budget preparation.
Define and classify cost behavior.
Perform cost-volume-profit banalysisn for decision making.
Perform differential (incremental) analysis for business decision making.
Explain the cause of the variance and its effect on the income statement.
Explain and demonstrate the difference between traditional costing and activity-based costing.
Required to be included in either ACCT2113 or 2123:
Analyze equity ownership transactions and their effect on the financial statements.
Identify the cash flow statement activities and explain the purpose of the cash flow statement.
Perform ratio analysis to evaluate financial statements.
Course Description An introduction to the use of accounting information in the management decision making processes of planning, implementing, and controlling business activities. In addition, the course will discuss the accumulation and classification of costs as well as demonstrate the difference between costing systems. Credits: 3