Course Summary
Credit Type:
ACE Course Number:
Organization Course Number:
Accounting 102
Self-paced. 6 weeks (18 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Managerial Accounting, Management Accounting, or Accounting Principles


The course objective is to give students a foundational understanding of accounting. Students will learn to identify and describe various accounting methods as well as how to use and interpret basic accounting tools such as budgets, cost and profit analyses, the activity-based costing process, financial statements, income statements, and balance sheets.

Learning Outcomes:

  • Understand cost classifications and formulas, and calculate cost and profit analyses
  • Identify and distinguish between the components of budgets and standard cost evaluations
  • Interpret and analyze various types of financial statements
  • Define and compare managerial accounting functions, processes and responsibilities
  • Distinguish between cash management, auditing, and financial reporting methods
  • Evaluate cash flow, income statements, inventory and costing systems
  • Describe the activity-based costing process
  • Examine accounting reporting tools and reporting responsibilities
  • Learn how to analyze and make decisions regarding costs, investments, budgeting, spending and cash flow
  • Explain how financial statements, income statement, balance sheets and cash flow statements are prepared and used

General Course Topics:

  • An overview of managerial accounting
  • Cost types
  • Cost behavior analysis and cost volume profit
  • Job-order costing and process costing
  • Basics of activity-based costing
  • Budgeting and standard costs
  • Reporting systems and structures in accounting
  • Short and long-term decision-making in accounting
  • Basics of financial statement analysis
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

Supplemental Materials