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]

Accounting concepts and their application in transaction analysis and financial statement preparation; analysis of financial statements; and asset and equity accounting in proprietorships, partnerships, and corporations. Introduction to cost behavior, budgeting, responsibility accounting, cost control, and product costing. Emphasis on managerial uses of accounting data. Accounting procedures and practices applicable to partnership and corporation; stocks and bonds; departmental - branch and manufacturing accounting; managerial uses of accounting data; cost systems; budgeting; statement analysis and interpretation flow of funds and cash; and tax considerations. Three lecture hours per week. TSI Requirement: M1; R1; W0. Prerequisite: ACCT 2301 or ACCT 2401