(3 sem. hrs.) This course focuses on the internal uses of accounting methods in the control of an enterprise and in decisions making, with emphasis on the internal management reports. (Fall and Spring) PREREQUISITES: Successful completion of ACC201 and Sophomore standing.

This course acquaints students with the process used to construct and understand the financial reports of organizations. An important objective is to understand the decisions that must be made in the financial reporting process and to develop the ability to evaluate and use accounting data. Included in the content are a study of accounting concepts and procedures used for financial statement analysis, cost analysis, cost allocation, planning and reporting accounting information. The significance of accounting information and the financial statements for management's decision-making process is emphasized.