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1B DescriptionFinancial Accounting II
Accounting is too important to managers, organizations, and societies to be left to accountants alone. Accounting information is often a basis for decisions. Accounting reports are often the basis on which the effectiveness of stewardship decisions, and actions are evaluated.
This introductory managerial accounting expands to cost management concepts and techniques dealing with the operational/behavioral aspects of accounting. The course presents the theory, procedures & practice relating to product costs, including job order, process & standard cost systems. It also includes analytical skills used to interpret accounting data used by management in planning and controlling business activities.
This course will be a combination of lecture, discussion, group work and projects.
In order to be successful in this course you must be able to read well for content and interpretation and apply basic concepts to different situations. Part of the intent of this course is to help you improve your skills in these areas.
The primary objective of this course is to develop students’ ability to understand and use accounting information effectively in making economic decisions. (Analyzing and communicating accounting information that is useful for decision-making)
Course Materials:
- Required Textbook: Accounting, 20th Edition, Warren, Reeve, & Fess, Southwestern.
- Other supplemental materials, such as Personal WebTutor, Personal Trainer, Study Guide or Working Papers can be helpful depending on individual learning style or preference.
Recommended Reading:
Wall Street Journal, Business Week, or other business journals/papers
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