This course provides an introduction to managerial accounting and covers various fundamental concepts relating to the accounting environment. Topics include: short-term and long-term financial assets, current and long-term liabilities, contributed capital, stock holder equity, the analysis of financial statements, and cost concepts and allocation.
Use the allowance method to account for addressing uncollectible accounts.
Perform accounting entries for promissory notes.
Long-Term Financial Assets
Record the disposal of depreciable assets.
Identify management issues associated with depreciation methods.
Account for the cost of property, plant, and equipment.
Compute depreciation using the straight-line, production, and declining-balance methods.
Classify liability types.
Prepare payroll related journal entries.
Identify ethical issues relating to current liabilities.
Record stock issuances.
Calculate dividends and stock splits.
Compute earnings per share.
Long -Term Liabilities
Identify different bond terms.
Examine practices associated with the issuance of bonds.
Calculate amortization of bond discounts and premiums using standard methods.
Statement of Cash Flows
Prepare a statement of cash flows using the indirect method.
Analyze sources and uses of cash.
Analyze a statement of cash flows.
Financial Statement Analysis
Evaluate financial statements using horizontal analysis, trend analysis, vertical analysis, and ratio analysis.
Managerial Accounting Concepts and Principles
Differentiate between managerial and financial accounting practices.
Describe the lean business model.
Define product costs and period costs.
Prepare a manufacturing statement.
Financial Health Analysis
Appraise the financial health of a company based on various financial sources.
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Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.
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