4 class hours The first part of the course continues to address topics in financial accounting that began in ACC 111. Emphasis is on the corporate form of ownership. Topics include accounting for bonds, investments in stocks and bonds, business combinations and the statement of cash flows. The second part of the course is an introduction to managerial accounting. Topics include job order and process cost systems, cost-volume-profit analysis, budgeting, standard cost systems and capital investment analysis. Students will apply concepts learned by the completion of an investment project. Prerequisite: ACC 111

This course emphasizes managerial accounting theory and practice in basic accounting and procedures for cost accounting, budgeting, cost-volume analysis, and financial statement analysis.