ACC 101 - Money Metrics

Institution:

Kapiolani Community College

Subject:

Description:

3 hours lecture per week Prerequisite(s): Credit or concurrent enrollment in ENG 22 or higher level English course, or qualification for ENG 00; qualification for MATH 24 or higher level mathematics course; ITS 02 (or ITS 0or ICS 0). ITS 02 may be taken concurrently. ITS 0or ICS 0may not be taken concurrently. ACC 101 is an introduction to accounting from a user's perspective. What is the role of accounting in the business How is accounting done How can accounting information and accountants help businesses to operate more smoothly and profitably Learn how to read financial statements, discover other sources of accounting information, and analyze a company's financial performance and financial position. Utilize internal accounting information, budgets and analytical tools such as cost-volume-profit analysis to assist in management decision-making. Explore relationships between nonfinancial metrics and profit.Upon successful completion of ACC 101, the student should be able to: Work effectively in teams. Manage projects. Demonstrate presentation capabilities using whiteboard, flip chart, power point, and/or web page presentations. List the most important characteristics of various forms of business organizations. Describe the role of accounting in the conduct of business. List and define the important accounting standards setting organizations and locate web resources for those standards. Define and list examples of types of accounts. Prepare an Income Statement, Equity Statement, and a Balance Sheet. Describe the various approaches to financing a business and how these approaches are reflected on financial statements. Compare and contrast the cash basis and accrual basis of accounting. Describe the steps in the accounting cycle. Use an integrated accounting software package to record basic business transactions and generate common financial reports. Discuss current balance sheet valuation and income measurement issues. Prepare the operating activities section of a Statement of Cash Flows. Discuss the uses of the Statement of Cash Flows. Use ratios to analyze the financial performance and financial position of a company. Discuss common non-financial metrics and show how they may be used in connection with financial metrics to evaluate a company's performance. Discuss the uses of management accounting information. Classify service and retail as to their behavior. Describe the flow of costs in a service or retail. Prepare a contribution (Cost-Volume-Profit) income statement. Predict breakeven point and profits using Cost-Volume-Profit (CVP) analysis. Discuss capital budgeting and describe different approaches to the capital budgeting process. Discuss operating budgets and describe different approaches in preparing an operating budget. Evaluate the performance of a business segment using financial and non-financial measurement techniques.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

kapiolani.hawaii.edu/page/home

Phone Number:

(808) 734-9000

Regional Accreditation:

Western Association of Schools and Colleges

Calendar System:

Semester

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