MCCCD Program Description

Uses of Accounting Information II

Course: ACC240

First Term: 2016 Summer

Lecture 3.0 Credit(s) 3.0 Period(s) 3.0 Load
Subject Type: Occupational
Load Formula: S - Standard Load

Description: Introduction to the uses of accounting information for internal and external purposes with emphasis on analysis for use by management.

MCCCD Official Course Competencies
1. Compare and contrast managerial and financial accounting. (I) 2. Describe the changing business environment and its effects on managerial accounting, including the role of the value chain and the supply chain. (I) 3. Describe the activities of planning, evaluating, controlling, and decision-making. (I) 4. Define cost terms and classifications. (I) 5. Describe the flow of costs. (II) 6. Contrast traditional, activity-based, and newly-developed costing systems. (II) 7. Compute product costs using traditional, activity-based, and newly-developed costing systems. (II) 8. Analyze the behavior of costs and the profitability of a product through cost-volume-profit analysis. (II) 9. Describe the need for operational and capital budgets, and explain the use of budgets for decision-making. (II) 10. Explain how an organization controls costs through the use of financial and nonfinancial performance measures, including the balanced scorecard and theory of constraints. (II) 11. Explain how an organization manages price, cost, and quality issues. (II) 12. Practice and apply skills in oral and written communication, problem solving and teamwork to analyzing and presenting accounting information. (I, II)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.

MCCCD Official Course Outline
I. Managerial Accounting A. Purposes and characteristics B. Changing business environment C. Planning, evaluating, controlling, and decision-making D. Cost terms and classifications II. Costing Systems A. Flow of costs B. Types of costing systems 1. Traditional 2. Activity-based 3. Other C. Cost behaviors D. Cost-volume-profit analysis E. Budgeting F. Financial and non financial measures G. Price, cost and quality H. Nonfinancial measures V. Role of Accounting in Government B. Local

MCCCD Governing Board Approval Date: February 23, 2016

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.