ACCOUNTING FOR BUSINESS (4 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: LO1 – prepare all step in accounting cycle for company; LO2 – explain fraud, internal control, cash, and prepare statement of cash flows; LO3 – analyze companies financial statement; LO4 – Discuss the role of management accountants in an organization; LO5 – calculate cost classifications, cost behavior, cost volume profit relationship, and incremental analysis; LO6 – calculate budgetary planning, budgetary control, and responsibility accounting.

Topics:

1. Introduction to Financial Statements;
2. The Accounting Information System;
3. Accrual Accounting Concepts;
4. Merchandising Operations and the Multiple-Step Income Statement;
5. Fraud, Internal Control, and Cash;
6. Statement of Cash Flows;
7. Financial Analysis: The Big Picture;
8. Managerial Accounting;
9. Cost-Volume-Profit;
10. Incremental Analysis;
11. Budgetary Planning;
12. Budgetary Control and Responsibility Accounting.