Survey Of Accounting: The Maze Of Numbers –

acc220

(3 credits)

Every business depends on its accountants to organize and maintain financial information. Accountants translate the maze of numbers most people see into valuable information that keeps a company going. This course introduces students to the accounting profession and the role accounting plays in business. Students learn the fundamentals of accounting principles and the accounting cycle.
This undergraduate-level course is 9 weeks. This course is available as part of a degree or certificate program. To enroll, speak with an Enrollment Representative.

Careers and Accounting in Business

  • Summarize the role accounting plays in business.
  • Discuss the importance of ethics in financial reporting.
  • Discuss the various career opportunities within the field of accounting.

Introduction to Statements I

  • Compare and contrast sole proprietorships, partnerships, and corporations.
  • Define commonly-used accounting terms.
  • Give examples of the data found on various financial statements.

Introduction to Statments II

  • Discuss characterisitics to consider when reviewing a financial report.
  • Identify the components of groups within a classified balance sheet.

Cash Management

  • Discuss principles of internal control.
  • Summarize ways companies can monitor internal cash control.
  • Examine the basic principles of cash managment.

Managerial Accounting

  • Compare and contrast managerial accounting and financial accounting.
  • Analyze managers' use of accounting information.

Cost, Volume, and Profit

  • Explain the components of cost-volume-profit analysis.

Looking at Budgets

  • Discuss the benefits of budgeting.
  • Examine the use of different types of budgets.

Responsibility Centers and Incremental Analysis

  • Identify the components of a flexible budget.
  • Discuss the accountability of each type of responsibility center.
  • Give examples of business decisions that would involve incremental analysis.

Principles and Practices

  • Assess how accounting principles and practices function within a business.

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