ACCT& 203 - Principles of Accounting III

5 CR

Analyzes and evaluates accounting information as part of the control, planning, and decision making processes. Students concentrate on the use of information by business managers and decision makers.

Prerequisite(s): ACCT 202 with a C or better or entry code.

Course Outcomes

Demonstrate a general understanding of the uses/benefits of accounting information in an organization and provide a framework for applying this information in a simulated setting.
To evaluate cost terms, concepts, and behaviors as they relate to accounting systems.
To analyze cost-volume-profit relationship tools for decision making.
To utilize budgeting techniques, variance analysis, the balanced scorecard and other tools to measure organizational performance.
Create accounting models for use in decision making, capital budgeting, differential analysis and other performance measures.
Demonstrate “test for understanding” skills with the instructor, to assure he/she is on track with the course assignments and expectations.
Improve the following skills: learning, written communication, teamwork, deductive reasoning, and critical thinking.

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