ACC 104 - Managerial Accounting (3)

Prerequisite: ACC 103 with a minimum grade of C-.

An introduction to the use of accounting data by managers in directing the internal affairs of organizations. Topics include cost-volume-profit analysis, financial statement analysis, budgeting, management reports and other accounting techniques and methodology used for management purposes. Upon completion of this course, students will be able to: 1) analyze and interpret information conveyed in financial statements; 2) use standard accounting statements in decision making; 3) determine product costs in a manufacturing environment; and 4) prepare internal management reports, budgets.