ACCOUNTING FOR BUSINESS (8 SCU)

Learning Outcomes:

Upon successful completion of this course, students are expected to be able to: describe the basic accounting principles and the basic steps in the accounting cycle; describe the four financial statements and how they are prepared; explain and identify the company’s assets, revenue and expenses, related to accounting principles; apply management accounting, cost concepts, job order costing, process costing, cost-volume profit; apply budgetary planning and budgetary control and responsibility accounting; and apply standard costs and incremental analysis as tools of management decision making process.

Topics:

The course provides students with knowledge of fundamental financial and managerial accounting and the preparation of financial statements for external decision makers, such as stockholders, suppliers, banks and government agencies, and internal decision makers, such as the company’s management.

Pre-requisite(s): None