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.
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.
- Summarize ways companies can monitor internal cash control.
- Discuss principles of internal control.
- Examine the basic principles of cash managment.
- 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.
Principles and Practices
- Assess how accounting principles and practices function within a business.
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 Representative.
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.