http://www.phoenix.edu
Accounting –
acc561pr
(3 credits)
This course applies accounting tools to make management decisions in Puerto Rico. Students learn to evaluate performance for a Puerto Rican organization using accounting information. Other topics include financial statements, cost behavior, cost allocation, budgets, and control systems.
This graduate-level course is 6
weeks.
To enroll, speak with an Enrollment Advisor.
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Financial Statements
- Apply the concepts, techniques, and conventions of basic financial accounting.
- Determine the relationships between the elements of the four financial statements.
- Identify how measurement conventions affect financial reporting.
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Budgets
- Construct an activity-based flexible budget for a Puerto Rican organization.
- Assess the risks associated with sales forecasting.
- Explain the major components, advantages, and disadvantages of a master budget.
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Cost Behavior
- Explain how cost accounting systems are used to determine the cost of a product, service, customer, or other cost objectives.
- Compare and contrast the different methods of measuring cost functions.
- Analyze the cost-volume-profit relationships to predict effects of changes in sales or costs, including the break-even sales volume.
- Evaluate how cost behavior affects selection of cost drivers and management decisions.
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Decision Making
- Identify the role of key accounting related organizations in Puerto Rico.
- Evaluate relevant accounting information for business decision making.
- Evaluate the role of ethics in accounting decision making.
- Explain the role of budgets and performance reports in the management decision-making process.
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Cost Allocation
- Compare and contrast uses of variable and absorption costing.
- Analyze how factory overhead is applied to products.
- Explain the methods of cost allocation.
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Performance Management
- Identify relevant accounting laws in Puerto Rico.
- Compute return on investment, residual income, and economic value added.
- Evaluate how managers use control systems to achieve organizational goals.
- The University of Phoenix reserves the right to modify courses.
- While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Advisor.
- 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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