Maricopa Community Colleges  ACC240   20006-20035 
Official Course Description: MCCCD Approval: 05/25/99
ACC240 20006-20035 LEC 3 Credit(s) 3 Period(s)
Uses of Accounting Information II
Introduction to the uses of accounting information for internal and external purposes with emphasis on analysis for use by management. Prerequisites: ACC230.
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MCCCD Official Course Competencies:
 
ACC240   20006-20035 Uses of Accounting Information II
1. Compare and contrast managerial and financial accounting. (I)
2. Define cost terms and classifications. (I)
3. Describe the flow of costs. (II)
4. Contrast traditional, activity-based, and newly-developed costing systems. (II)
5. Compute product costs using traditional, activity-based, and newly-developed costing systems. (II)
6. Analyze the behavior of costs and the profitability of a product through cost-volume-profit analysis. (II)
7. Describe the need for budgets, and prepare a comprehensive set of budgets for an organization. (II)
8. Explain how an organization controls costs through standard costing, variance analysis, and the use of nonfinancial measures. (II)
9. Describe taxes that affect business organizations. (III)
10. Define the role of accounting in government. (IV)
11. Practice and apply skills in oral and written communication and teamwork to analyzing and presenting accounting information. (I, II, III, IV, V, VI)
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MCCCD Official Course Outline:
 
ACC240   20006-20035 Uses of Accounting Information II
    I. Managerial Accounting
        A. Purposes and characteristics
        B. 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. Standard costs
          G. Variance analysis
          H. Nonfinancial measures
        III. Taxes in Business
          IV. Role of Accounting in Government
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