Principles of Accounting III
A study of accounting information and its application and uses within the business organization. Includes the study of manufacturing operations with emphasis on determination, behavior and control of costs, cost-volume-profit analysis, budgeting and responsibility accounting, and management decision making for pricing, capital expenditures and short-run analysis. 5 lecture hours. Satisfies specified elective requirement for the AA degree.
Prerequisite: ACCT& 202.
Students will learn to:
- Allocate manufacturing overhead using activity-based systems.
- Use cost concepts to facilitate decision making.
- Prepare budgets and explain their usefulness in managing an organization.
- Apply incremental analysis to various short-run decisions.
- Use various techniques to make pricing decisions