This course provides a study of partnerships corporations, cost accounting, assets, theory, and interpretation of financial statements, with special emphasis on the managerial aspects of accounting. (3 lecture and 1 laboratory hours per week). Prerequisite: ACCT2301. [ CB5203015104]

3 hours Presents application of financial accounting concepts and principles for partnerships and corporations. Managerial and cost accounting topics are introduced: cost behavior, budgeting, responsibility accounting, cost systems and product costing, CVP, standard costs, variance analysis and incremental analysis. Learning activities are designed to allow students to apply acquired knowledge to exercises and problem-solving situations. Manual and computer applications allow students to integrate learned techniques and practices into problem-solving situations. (SCANS 1, 3, 4, 6, 8, 9) Prerequisite: ACCT 2301.