Nov 30, 2020
ACC 121 - Accounting for ManagersCredits: 3
Instructional Contact Hours: 3
Develops ability to use accounting information in planning, evaluating and decision-making as a business manager. This course is appropriate for students in business, trades, and dual-degree programs. May be substituted for ACC 111 in most programs.
Lecture Hours: 45 Lab Hours: 0
Meets MTA Requirement: None
Outcomes and Objectives
- Describe the use and role of accounting for business.
- Describe the importance of accounting information in business planning, evaluation, and decision-making.
- Demonstrate use of basic accounting terminology.
- Describe the importance of ethics in accounting and business management.
- Demonstrate an introductory knowledge of the financial statements and related concepts.
- Demonstrate an understanding of accrual and other underlying accounting concepts.
- Demonstrate preparation of financial statements and their inter-relationships.
- Recognize the impact of transactions and accounting procedures on the financial statements.
- Recognize the impact of transactions and accounting procedures on managing a business.
- Demonstrate an introductory knowledge of analysis and use of financial information for managerial decision-making.
- Demonstrate the use of financial statement analysis techniques for evaluation of business performance.
- Demonstrate understanding of business cost concepts and behaviors.
- Demonstrate use of financial information for business planning.
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