Course

Credit Type:
Course
ACE ID:
SDCM-0076
Version:
3
Organization:
Study.com, LLC
Location:
Online
Length:
Self-paced. 6 weeks (18 hours)
Minimum Passing Score:
70
ACE Credit Recommendation Period:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 managerial accounting
Description

Objective:

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:

  • distinguish between cash management, auditing, and financial reporting methods
  • understand cost classifications and formulas, and calculate cost and profit analyses
  • evaluate cash flow, income statements, inventory and costing systems
  • describe the activity-based costing process
  • identify and distinguish between the components of budgets and standard cost evaluations
  • 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
  • interpret and analyze various types of financial statements
  • define and compare managerial accounting functions, processes and responsibilities

General 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
Supplemental Materials
Equivalencies

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