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ACC 202 Managerial Accounting
Credit Hours:  3
Effective Term: Fall 2011
SUN#: ACC 2202
AGEC: 
Credit Breakdown: 3 Lectures
Times for Credit: 1
Grading Option: A/F
Cross-Listed:


Description: Selection and analysis of accounting information for internal organization use by management.

Prerequisites: ACC201

Corequisites: None

Recommendations:

Measurable Student Learning Outcomes
1. (Mathematical Behavior Level) Prepare a statement of cash flows and explain how it is used to make business decisions.
2. (Comprehension Level) Explain how corporations raise capital by issuing bonds.
3. (Synthesis Level) Account for bonds from an issuing corporation's perspective.
4. (Synthesis Level) Account for bond investments.
5. (Mathematical Behavior Level) Utilize and explain how various financial measures help the stakeholder make sound decisions with regards to profitability and solvency.
6. (Synthesis Level) Record and explain transactions for a service company and a manufacturing company which utilizes a job-order cost system.
7. (Synthesis Level) Prepare a cost of production report and explain and illustrate how it is used by managers.
8. (Application Level) Record transactions for a company which employs a process cost system.
9. (Evaluation Level)Utilize several managerial tools (i.e., break-even, variable costing, horizontal analysis) to make decisions.
10. (Evaluation Level)Compute and explain direct materials, direct labor, and manufacturing overhead variances for a manufacturing firm.
11. (Mathematical Behavior Level) Explain and calculate return on investment (ROI) and residual income and make a decision based on the results.
Internal/External Standards Accreditation
1. Accurately record journal entries to account for bonds from an issuing corporation's perspective and from an investor's perspective.
2. Complete problems which involve accurately preparing a statement of cash flows in accordance with Generally Acceptable Accounting Principles.
3. Select the correct formula to compute and analyze financial data.
4. Accurately compute and analyze variances for direct materials, direct labor, and factory overhead and make logical inferences with regards to the computations.
5. Prepare a cost of production report in good form and correctly explain how the information is used by managers.
6. Accurately record transactions for a company which utilizes a process cost system.
7. Correctly employ the proper managerial tool (1.e., break-even, variable costing, ROI), analyze the results, and make inferences from a manager's perspective.