May 25, 2019
ACCT& 203 - Principles of Accounting III 5 Credits
Discusses using accounting information within the business organization for planning, decision making and control. Emphasis on the analytical approach in problem solving. Designed for the business transfer student.
Pre-requisite(s) ACCTG 121 min 2.0 or ACCT& 201 min 2.0
Course Note Previously ACCTG 203.
Designed to Serve Business transfer student.
Active Date 2015-06-02
Grading System Decimal Grade
Class Limit 32
Contact Hours: Lecture 55 Lab 0 Worksite 0 Clinical 0 Other 0
Total Contact Hours 55
Degree Distributions: AA Transferable Elective
A. Cost terms, concepts, and classifications
B. Job-Order and Process Costing Systems
C. Cost behavior analysis and cost-volume-profit relationships
D. Prepare financial and capital budgets
E. Analyze budgets and prepare variance reports
F. Develop relevant costs for decision making
G. Introduce Activity Based Costing, Just-in-Time, Total Quality Management, and Theory of Constraints
Student Learning Outcomes
Analyze business transactions and determine the impact on company plans, directing and motivating employees, and evaluating company and employee performance.
Analyze general ledgers, work sheets, annual reports, regulatory agency reports, management reports, business risk, and the company’s environment and identify data and information needed for making future plans.
Analyze general ledgers, work sheets, annual reports, regulatory agency reports, management reports, business risk, and the business environment and identify data and information needed for making routine and non routine decisions.
Communicate accounting information by listening, speaking clearly, and producing written documents that meet standards of accuracy and accepted managerial accounting procedures when dealing with the organizations’ stakeholders.
Research accounting authorities and business practices, and develop recommendations for the treatment of business transactions consistent with using generally accepted accounting procedures, company plans, and ethical standards.
Analyze the use of company resources on current operations and assess the implications and consequences of using these resources on future operations.
Use accounting information as feedback to assess company plans and company performance by comparing those plans to actual results of company operations and determining the reasons and impact of the differences.
Perform duties individually or in teams using appropriate policies, guidance, ethical standards, and management directions.
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