A continuation of the study of financial accounting as it applies to partnerships and corporations. Topics covered include long-term debt, stockholders equity accounting, financial statement analysis, and the statement of cash flows. Managerial accounting is introduced, with coverage of cost accounting, budgeting, cost-volume-profit analysis, and special management decisions. Prerequisite: ACCT 1341, Fall, Spring, Summer.

The managerial accounting course is fundamental to the business curriculum. The purpose of the course is to provide an understanding of the role of accounting information in the business decision-making process. The course is taught from the perspective of the users of accounting information. The major emphasis is on what the accounting information is, why it is important, and how it is used by economic decision makers. (ACCT 2302)