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.
Differentiate between managerial and financial accounting practices.
Financial Statement Analysis
Evaluate financial statements using horizontal analysis, trend analysis, vertical analysis, and ratio analysis.
Statement of Cash Flows
Analyze a statement of cash flows.
Analyze sources and uses of cash.
Prepare a statement of cash flows using the indirect method.
Long -Term Liabilities
Calculate amortization of bond discounts and premiums using standard methods.
Examine practices associated with the issuance of bonds.
Identify different bond terms.
Compute earnings per share.
Calculate dividends and stock splits.
Record stock issuances.
Identify ethical issues relating to current liabilities.
Prepare payroll related journal entries.
Classify liability types.
Long-Term Financial Assets
Compute depreciation using the straight-line, production, and declining-balance methods.
Account for the cost of property, plant, and equipment.
Identify management issues associated with depreciation methods.
Record the disposal of depreciable assets.
Short-Term Financial Assets
Perform accounting entries for promissory notes.
Use the allowance method to account for addressing uncollectible accounts.
Compute accounts receivable turnover.
CheckPoint: Ethics and Computing Depreciation
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.