ACC 243 - Principles of Accounting III

Institution:

Northwood University-Michigan

Subject:

Description:

The accounting sequence of ACC 241-242-243 is required of all students. This course covers of the fundamental principles of accounting, how financial data is accumulated and reported, and the uses and limitations of financial data in product costing for a manufacturing and a service business. Introduction is made to cost accounting systems (job order costing, process costing and activity-based costing), cost- volume-profit analysis, budgets and planning, standard cost development, variance analysis, variable and absorption costing, incremental analysis, and capital budgeting. The use of these items for management decisions and control are emphasized. The course will include the use of spreadsheets for problem solving and analysis. Students will be introduced to accounting software for accounting and reporting and develop a chart of accounts and budget for a company. Prerequisite: Completion of ACC 242 with a grade of C- or better.

Credits:

4.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.northwood.edu

Phone Number:

(989) 837-4200

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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