ACC 201

Principles of Accounting II-Managerial

Managements use of accounting information for decision making and planning. Introduction to management accounting terms and concepts. Elements of product costing; assessment of various costing systems such as actual, normal, and standard costing, and variable versus absorption costing. Various topics such as outsourcing decisions, maximizing constraints, cost-volume-profit analysis, cost function estimation, activity-based costing, and managements preparation and use of budgets and analysis of variances

Units: 3.0

Hours: 3 classroom + 0 lab/studio