2024 - 2025 College Catalog 
    
    Nov 09, 2024  
2024 - 2025 College Catalog

ACCT 125 - Managerial Accounting


Credit Hours: 3
Lecture Hours: 3
Laboratory (or Other) Hours: 0

Prerequisite(s): ACCT 115  
Corequisite(s): None
Restriction(s): None

A continuation of the basic accounting principles, course topics include the nature of corporations and related equity and income reporting issues, long-term liabilities, statement of cash flow, nature and behavior of manufacturing cost, introduction to cost accounting concepts and systems, cost-volume-profit relationships, and an introduction to budgetary planning.

Student Learning Outcomes of the Course:
  1. Prepare entries to record transactions relating to the corporation
  2. Prepare entries to record transactions relating to long term liabilities
  3. Prepare a cash flow statement
  4. Record transactions, calculate job costs and budgets using the concepts of cost and managerial accounting.
  5. Calculate the cost of manufacturing jobs using job order processing, process costing and activity based systems.
  6. Prepare budgets associated with manufacturing accounting


Repeatable: No