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ACC 113 - Accounting with Enterprise Software
This course focuses on the use of accounting and other information by management in short- and long-term planning. Emphasis is on the various processes that assist in decision-making such as standard costs activity-based costing, budgets and cost-volume-profit relationships. Selected exercises using Enterprise software are used in the course.
Upon successful completion of this course, students should be able to:
- Describe the environment in which managers use accounting.
- Describe the planning functions of organizations.
- Prepare reports and make calculations that an accountant might prepare to assist management in the planning process for segments or product lines.
- Discuss the methods of allocating costs in both profit and non-profit organizations.
- Solve problems related to production planning.
- Calculate the various variances and measures used by the managerial accountant in monitoring operations of an entity.
- Discuss the decision-making process and the role the managerial accountant plays in decision making.
- Use capital and cash budgeting techniques as an aid to decision making.
- Use Enterprise software to solve managerial accounting problems and to arrive at decisions.
Prerequisite: Applied Accounting (ACC 100) or Financial Accounting (ACC 111) and Introduction to Computers (DPR 100).
3 hours each week 3 credits