Topics include responsibility accounting, budgets, cost control, and standard costing procedures and variances.
Emphasis is on management reporting.
Course Information Accounting is a service activity designed to assist corporate organizations in deciding how to finance, analyze, budget, and manage scarce resources. This course will continue to examine the basic accounting concepts, standards, and practices from corporate and manufacturing perspectives. The course will explore capital and debt acquisitions, accounting for investments, cash flow analysis, job and process cost accounting, cost behavior analysis, budgeting, and standard costing. The better you understand the modern corporate structure in terms of selling stocks and bonds to secure financing, the better you can appreciate the role of the accountant in corporate financial activities. Key products of a corporate accounting information system are the statement of cash flow, financial statement analysis, and managerial reports.