- ACG 2021 - Financial Accounting
- College Course description:
(Prerequisite- None)
This course is an introduction to financial accounting that specializes
in the processes and principles used to prepare financial statements. This
course will focus on the purpose and content of the four basic financial
statements including the preparation of these statements as well as
interpreting information for decision-making.
.
General Topical outline:
I. The Accounting Model
A. The Purpose and Nature of
Accounting
B. Principles and Concepts - GAAP
C. The Accounting Cycle
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i. Transaction Analysis
ii. Adjusting Process
iii. Financial Statements
- II. Accounting for Assets
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A Cash.
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B. Receivables
- C. Inventories
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D. Long-lived Assets
- III. Accounting for Liabilities and Stockholders' Equity
- A. Current Liabilities
- B. Long-term Liabilities
- C. Corporate Accounting Issues
- D. Unincorporated businesses
- IV. Additional Topics
- A. Statement of Cash Flows
- B. Financial Statement Analysis
- C. Financial Reporting
requirements
- D. Internal Control
- E. Miscellaneous topics
- i. Time
value of money
- ii.
Spreadsheet applications
- iii.
Ethical issues
- iv.
General Ledger Software Application
Click here
to view a generic ACG2021 syllabus and suggested fifteen week activity schedule.
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- ACG 2071 - Managerial Accounting
- College Course description:
(Prerequisite- ACG 2021)This course is an introduction to Managerial Accounting. the course will focus on three major areas
managerial areas; planning and controlling routine operations (cost-volume
profit analysis; job order and process cost systems); inventory valuations
and income determination (budgeting and standard costing) and policy-making
and long-range planning (capital budgeting).
General Topical outline:
I. Managerial Accounting Fundamentals
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A. Managerial Accounting and the Business Environment
B. Cost Terms, Concepts, and Classifications
- C. Systems Design
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i. Job-Order Costing
- ii. Process
Costing
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D. Cost Behavior: Analysis and Use
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E. Cost-Volume-Profit Relationships
- F. Variable Costing
- II. Budgets and Standards as Tools for Planning
and Control
- A. Profit planning
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B. Standard Costs and the Balanced Scorecard
- C. Flexible Budgets and Overhead Analysis
- III. Relevant Costs For Decision Making
- A. Relevant Costs in the Decision Process
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B. Capital Budgeting Decisions
- III. Other Topics
- A. Decision Making Tools - Computer Spreadsheets and Incremental Analysis
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B.Just-in-Time Inventory Systems
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C.Time Value of Money
Click here
to view a generic ACG2071 syllabus and a suggested fifteen activity schedule.
