Managerial Accounting & Legal Aspects Of Business –


(3 credits)

In this course, students examine managerial accounting as part of the business’s accounting information system and legal aspects of the business enterprise. Topics include managerial accounting and capital budgeting, cost analysis; management planning and control, negotiable instruments, secured transactions, debtor/creditor relationships, property and insurance, and legal aspects of employment and environment.
This graduate-level course is 6 weeks. This course is available to take individually or as part of a degree or certificate program. To enroll, speak with an Enrollment Representative.

Managerial Accounting and Capital Budgeting

  • Determine the present value of future cash flows from an investment.
  • Differentiate among various capital budget evaluation techniques.
  • Evaluate relevant financial information involved in a capital budgeting decision.

Cost Analysis

  • Apply the concepts of cost estimation, cost driver, and cost allocation to a business situation.
  • Use the techniques of job order and process costing to determine product cost.
  • Integrate cost behavior concepts with cost-volume-profit (CVP) analysis.

Management Planning and Control

  • Construct elements of a master budget.
  • Explain budget variances.
  • Analyze financial ratios to measure business performance.
  • Analyze nonfinancial measures to measure business performance.

Negotiable Instruments, Secured Transactions, and Debtor/Creditor Relationships

  • Determine the rights and responsibilities of parties involved with a negotiable instrument.
  • Determine the primary and secondary liabilities of parties to negotiable instruments.
  • Idenfity the necessary components of secured transactions.
  • Identify the rights and responsibilities of debtors and creditors.

Property and Insurance

  • Evaluate the legal aspects of acquiring, holding, and disposing of real property.
  • Evaluate the legal aspects of acquiring, holding, and disposing of personal property.
  • Analyze the business use of insurance for various risks.
  • Identify environmental regulations to a business situation.

Legal Aspects of Employment and Environment

  • Identify the significant employment regulations affecting business.
  • Analyze the formation, rights, authority, and termination of agency relationships.
  • Explain the significant laws protecting employees from discrimination.
  • Explain the liability of accountants to third parties.

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