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ACC 202 Managerial Accounting
Credit Hours:  3
Effective Term: Fall 2016
SUN#: ACC 2202
AGEC: None  
Credit Breakdown: 3 Lectures
Times for Credit: 1
Grading Option: A, B, C, D, F

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

Prerequisites: ACC201

Corequisites: None

Recommendations: None

Measurable Student Learning Outcomes
1. (Application 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 stock and bond investments.
5. (Application 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 that employs a standard-costing system.
11. (Application Level) Explain and calculate return on investment (ROI) and residual income and make a decision based on the results.
12. (Synthesis Level) Utilize the single-, multiple-, and ABC costing methods to allocate overhead costs and explain which method provides the most refined allocation method for various companies.
Internal/External Standards Accreditation