ACC/400
Accounting for Decision Making
Online
Format
$1194
Estimated Tuition
3 credits
Total credits
5 weeks
Course length
Start when you're ready
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Course level: Undergraduate
This course focuses on effective decision making as it relates to accounting and financial activities in a business enterprise. Course topics will include cost management, budgeting, business operations, financial management, and financial analysis. Students will develop the necessary analytical tools to enhance business operations.
Prerequisites
ACC/290 or ACC/290T – Principles of Accounting I or equivalent
What you'll learn
Course skills and outcomes
Financial Management
- Distinguish between product costs and period costs.
- Prepare a schedule of the cost of finished goods manufactured.
Cost Management
- Account for the flow of costs when using job order costing.
- Account for the physical flows and related cost flows when using process costing.
Business Operations
- Explain how activity-based management is related to activity-based costing (ABC).
- Use CVP relationships to evaluate a new marketing strategy.
Financial Analysis
- Compute the ratios widely used in financial statement analysis and explain the significance of each.
- Use incremental analysis in common business decisions.
Budgeting
- Prepare master and flexible budgets and explain their uses.
- Evaluate capital investment proposals using payback period, return on investment, and discounted cash flows.