An introduction to the preparation, uses, and analysis of common management accounting information. Topics include cost-volume-profit analysis, capital budgeting and present value applications, cash budgets, financial statement analysis, taxes, and management decisions, plus a brief introduction to modern cost accounting, with emphasis on activity-based costing systems. The development of problem-solving and analytical abilities is given primary importance throughout the course. Accounting majors must pass this class with a minimum grade of "C." Prerequisites: MATH 140 and ACC 201 with minimumgrades of "C."

It is important for all students of business to understand how companies make profits and how they can strive towards improvement. This is accomplished by understanding the impacts management choices have on their organization. This course will provide an understanding of the costs of a business, and how business decisions impact profits. Specifically, it will teach you how management accounting information can help in planning, budget preparation, performance measurement and short-term decisions.