Course Description
An overview of the basic concepts of financial and managerial accounting. Students are taught how to prepare, read, and analyze corporate financial statements. Additionally, students are taught the tools and techniques necessary for managerial planning, controlling, and decision making.
Athena Title
Survey of Accounting
Equivalent Courses
Not open to students with credit in ACCT 1160
Non-Traditional Format
This course will be taught 95% or more online.
Semester Course Offered
Offered summer semester every year.
Grading System
A - F (Traditional)
Course Objectives
1. To view accounting as a crucial player in today's economic environment. 2. To work on the preparation and interpretation of financial reports. 3. To form the conceptual basis for acceptable accounting principles. 4. To examine how costs affect financial results and decisions. 5. To develop financial information which is helpful for internal users, such as managers.
Topical Outline
1. Introduction of Accounting and Business 2. Analyzing Transactions 3. The Matching Concept and the Adjusting Process 4. Completing the Accounting Cycle 5. Accounting for Merchandising Business 6. Accounting Systems, Internal Controls, and Cash 7. Receivables 8. Inventories 9. Fixed Assets and Intangible Assets 10. Current Liabilities 11. Corporations: Income and Taxes, Stockholder's Equity, and Investments in Stocks 12. Introduction to Managerial Accounting and Job Order Cost Systems 13. Profit Reporting for Management Analysis 14. Performance Evaluation Using Variances from Standard Costs
Syllabus