Accounting – acc561 (3 credits)
This course applies accounting tools to make management decisions. Students learn to evaluate organizational performance from accounting information. Other topics include financial statements, cost behavior, cost allocation, budgets, and control systems.
Budgetary Planning and Control
- Determine appropriate budget type for business situations.
- Use budgets to detect variances.
- Formulate corrective actions to address variances.
Decision Making Objectives
- Perform incremental analysis to make informed business decisions.
Introduction to Financial Reporting
- Differentiate between purpose, content, and users of the financial statements.
- Recognize the major aspects of the regulatory environment.
Financial Statement Analysis
- Conduct comparative analysis of financial statements.
- Perform ratio analysis using financial statements.
- Use variable and absorption costing methods to make informed business decisions.
- Use costâvolumeâprofit analysis to make informed business decisions.
- Differentiate between job, process, and hybrid costing systems.
- Use costing methods to make informed business decisions.
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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.