This course is a continuation of ACC 122. The course explores basic principles underlying the procedure of accounting for partnerships, corporation, departmental and branch accounting, budgets and financial statements analysis.

Introduction to traditional managerial accounting concepts and procedures utilized in the organization and processing of accounting information for management decision making purposes. Topics include managerial accounting and the business environment, cost terms and concepts, cost systems, cost behavior and cost-volume-profit analysis. In addition, the course covers the master budget, standard costing and variance analysis, performance evaluation, responsibility accounting, relevant cost analysis and decision making.