Maricopa Community Colleges  EPS270   19966-20086 
Official Course Description: MCCCD Approval: 07/22/08
EPS270 19966-20086 LEC 1 Credit(s) 1 Period(s)
Accounting Information Systems and the Decision Process
Uses of accounting information to make informed business decisions. Includes the accounting cycle, the purpose and content of financial statements, financial and break-even analysis, and tax concepts for the business start-up.
Prerequisites: None.
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MCCCD Official Course Competencies:
 
EPS270   19966-20086 Accounting Information Systems and the Decision Process
1. Explain why accounting information is useful in the decision process. (I)
2. Define the accounting cycle, and analyze the steps required to process transactions. (II)
3. Identify and describe the purpose and components of the balance sheet, income statement, and statement of cash flows. (III)
4. Calculate a variety of financial ratios for use in financial statement analysis. (IV)
5. Explain the role of cost behavior in the decision-making process of establishing cost projections. (V)
6. Calculate a break-even point for a new venture opportunity. (V)
7. Prepare common tax forms for each type of organizational form. (VI)
8. Describe common tax problems affecting new business ventures, and online alternatives. (VI)
9. Compare and contrast the use of financial and non-financial factors in evaluating a business plan. (VII)
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MCCCD Official Course Outline:
 
EPS270   19966-20086 Accounting Information Systems and the Decision Process
    I. Role of Accounting in the Business Decision Process
        A. User groups
        B. Information usefulness
      II. The Accounting Cycle
          A. Accounting systems
          B. Transactional anaylsis
        III. Financial Statements
            A. Balance sheet
            B. Income statement
            C. Statement of owners' equity
            D. Statement of cash flows
          IV. Financial Analysis
            V. Cost Behavior and Break-Even Analysis
                A. Cost behaviors
                B. Cost-volume-profit analysis
                C. Implications for new ventures
              VI. Tax Planning for Business Start-Up
                  A. Planning based on ownership form
                  B. Common tax problems
                VII. Accounting Information and the Business Plan
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