Accounting Issues for Managers

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Course Number: ACCTING 3000
Course Name: Accounting Issues for Managers (Online)
Course Description:    The interpretation and analysis of accounting information for internal and external decisions. Includes topics of internal control system, individual income tax preparation, and key popular cost management techniques.
Prerequisites:    Grade of "C-" or better in ACCTING 2020. Not open to accounting majors or minors.
Level: Undergraduate
Credits: 3
Format: Online  (This course is also offered in print.)

Registration Instructions

Additional Information

Learning Outcomes

Accounting information affects individual and organizational decisions. All students majoring in business need an understanding of the uses of accounting information in making decisions. Specifically, upon successful completion of this course, you will understand the following:

  • Understand the role of accounting information in the organizational and individual decision making.
  • Construct both short-term and long-term budgets, specifically cash budgets.
  • Demonstrate the importance of an internal control system in an organization.
  • Describe the commonly used measures of evaluating the performance of investment centers and their managers.
  • Illustrate how evolving managerial themes such as activity-based management, just-in-time, nonfinancial performance measures, and total quality management are used in an organization.
  • Develop skills to analyze and synthesize the accounting information to evaluate the performance of the company.
  • Identify the data needed to prepare individual tax returns.

Unit Descriptions

Unit 1
Unit 1 starts with the review of the basic cost accounting concepts, including the classification and behavior of costs, types of manufacturing costs, job order costing. This review is followed by a detailed discussion on fixed and variable costs and the application of these concepts in the managerial decision making.

Unit 2
Unit 2 serves three main purposes: Firstly, it discusses various methods of common or fixed costs allocation to various products and services; secondly, it illustrates the use of accounting information to plan and control focusing mainly on budgeting process, including capital budgeting; thirdly, this unit discusses the use of costs/benefit analysis and incremental analysis in managerial decision making.

Unit 3
Unit 3 addresses various important topics, including a few emerging issues facing the world of accounting, not covered in the first two units. Specifically, it covers the following:

  • Problems arising from the expansion and the resulting decentralization of companies
  • Statement of cash flows
  • Financial statements analysis
  • Internal controls and Sarbanes-Oxley Act
  • International Financial Reporting Standards (IFRS)

Unit 4
Unit 4 introduces the completion of an individual tax return, with some coverage of tax planning.

Number of Exams

There are 4 exams for this course. This course has proctored exams. You must submit a proctor nomination form at the time you register. Visit proctor information on website.

Number of Assignments: 15 assignments and 7 discussions for this course.

Number of Projects: 3 group assignments for this course.

Grading Information

Grades will be determined on a percentage basis. The following scale is based on total possible points:
A = 90-100%
B = 80-89%
C = 70-79%
D = 60-69%
F = 59% or below

Unit Exams (4): 365 points total
Individual Homework (11): 50 points total
Individual Projects (3): 23 points total
Group Projects (3): 38 points total
Discussions (8): 24 points total
Total Points Possible: 500

 

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