ACCT 205 - Managerialaccounting

Institution:

Widener University-Main Campus

Subject:

Description:

Managerial accounting focuses on the uses of accounting data internally by managers in directing the affairs of business and nonbusiness organizations. Cost concepts, systems, and procedures directed toward job order costing, cost behavior, cost allocation, short- and long-term budgeting, the time value of money and present value analysis, forecasted financial statements, the contribution approach to break-even analysis, standard costing, relevant costing, and statement of cash flows. Emphasis is placed on the analysis of information and interpretation of data within the framework of a manufacturing concern. However, the use of accounting information by the service industry and not-for-profit sector is also discussed. Finally, students are also introduced to the Institute of Management Accountants (IMA) Code of Professional Conduct, and selected homework assignments will address ethical situations confronted by the management accountant. Prerequisite: Sophomore standing, ACCT 204, or permission from the head of the Department of Accounting, Taxation, and Business Law. 3 semester hours

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.widener.edu

Phone Number:

(610) 499-4000

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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