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(5 credits)
In this continuation of Accounting I, students build upon knowledge of accounting principles, learning a basic foundation of key managerial accounting concepts and activities. Students learn how managers use accounting information for decision making in an organization. They explore how to develop business plans for small businesses and larger manufacturing corporations as well as how to distinguish between the two types of organizations. Through a variety of assignments focusing on the coverage of cost-volume-profit analysis, performance planning, and budgeting, students have the opportunity to gain managerial decision-making skills, helping them prepare for issues they may encounter in the field.
Pre-requisites
- ACCT 1003 or ACCT 1001