| 1.
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Describe the history and development of the business cycle, economic
systems and the forms of business organizations. (I)
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| 2.
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Describe the history and development of double-entry computerized
accounting systems. (II)
|
| 3.
|
Identify careers in accounting. (II)
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| 4.
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Identify internal controls needed in accounting systems. (II)
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| 5.
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Explain the internal users' need for accounting information. (III)
|
| 6.
|
Explain the reporting system used to communicate information between
levels of responsibility in an organization. (III)
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| 7.
|
Compute return on investment and residual income and explain the
significance of these measures. (III)
|
| 8.
|
Explain the characteristics and purposes of managerial accounting.
(IV)
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| 9.
|
Describe the flow of costs and the reports used in a product costing
system. (IV)
|
| 10.
|
Analyze the behavior of costs and the profitability of a product
through cost-volume-profit analysis. (V)
|
| 11.
|
Describe the need for budgets and prepare a comprehensive set of
budgets for an organization. (V)
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| 12.
|
Describe how an organization controls costs through standard costing
and variance analysis. (V)
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|