Building on fundamentals learned in Financial Accounting, students are introduced to several important analytical tools found in business. Topics include the time value of money, the concept of risk, budgeting, costing of products, capital budgeting, debt management, and working capital management. Students will use computers extensively in order to become comfortable with these tools. Pre-requisite: ACC 101.

This course is an introduction to financial statement analysis and managerial accounting. It provides a study of cash flow, financial ratios, elements of cost in business organizations, basic cost behavior patterns, contribution approach to decision analysis, cost-volume profit analysis, budgeting, and a basic understanding of taxes for individuals and corporations.