Maricopa Community Colleges  ACC240   19936-20005 
Official Course Description:   MCCCD Approval:  03/23/93  
ACC240      19936-20005 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   19936-20005 Uses of Accounting Information II
1. Cite the sources and references external users need to analyze business organizaions. (I)
2. Identify procedures used to analyze a set of financial statements for an organization. (I)
3. Describe the role of auditing in business. (II)
4. Identify internal controls needed in accounting systems. (II)
5. Compare and contrast managerial and financial accounting. (III)
6. Describe the flow of costs and the profitability of a product costing system. (III)
7. Analyze the behavior of costs and the profitability of a product through cost-volume-profit analysis. (III)
8. Describe the need for budgets and prepare a comprehensive set of budgets for an organization. (III)
9. Explain how an organization controls costs through standard costing and variance analysis. (III)
10. Describe taxes affecting business organizations. (IV)
11. Define the role of accounting in government. (V)
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MCCCD Official Course Outline:
 
ACC240   19936-20005 Uses of Accounting Information II
    I. Analysis of Accounting Information
        A. Sources and References for Users
        B. Procedures Used in Analysis
      II. Auditing
          A. Role in Business
          B. Internal Controls
        III. Managerial Accounting
            A. Purposes and Characteristics
            B. Product Costing Systems
            C. Analysis of Costs
              1. Cost Behaviors
              2. Cost-Volume-Profit Analysis
              3. Decision Analysis
              4. Budgeting
              5. Standard Costs
              6. Variance Analysis
          IV. Taxes in Business
            V. Role of Accounting in Government
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