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Nov 21, 2024
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2024 - 2025 College Catalog
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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:
- Prepare entries to record transactions relating to the corporation
- Prepare entries to record transactions relating to long term liabilities
- Prepare a cash flow statement
- Record transactions, calculate job costs and budgets using the concepts of cost and managerial accounting.
- Calculate the cost of manufacturing jobs using job order processing, process costing and activity based systems.
- Prepare budgets associated with manufacturing accounting
Repeatable: No
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