A continuation and completion of the financial-accounting concepts introduced in ACC 201 and the development and use of accounting information to support managerial decision-making, and an introduction to managerial accounting. Financial accounting topics include those peculiar to corporations, the cash flow statements and analysis of financial statements. Managerial topics include performance measurements and budgeting. Income tax accounting is introduced. Uses computer applications. Prerequisites: BUS 101, BUS 110, CIS 101.

Study of the generation and analysis of accounting information and its use by managers as they engage in planning, control and decision-making activities in business and non-business organizations. Topics include product costing, cost-volume-profit analysis, profit planning, variance analysis, relevant costs for decision making and capital budgeting decisions.