ACCT 3015 - Principles of Accounting II

Institution:

Utah Tech University

Subject:

Description:

Continuation of managerial accounting principles, including product costing, cost-volume profit analysis, profit planning, capital budgeting, and financial statement analysis. Inclusive Access Course Material (electronic book) fees may apply, see Fees tab under each course section for details. **COURSE LEARNING OUTCOMES (CLOs) At the successful conclusion of this course, students will be able to: 1. Analyze accounting information by applying different methods of accounting for assets, liabilities, and equity. 2. Report on the financial results of business activity and interpret financial ratios using financial statements including the Income Statement, Statement of Retained Earnings, Balance Sheet, and the Statement of Cash Flows. Compare the differences between Financial and Managerial accountings use of these statements. 3. Analyze the budget process through comparison of standard costing and actual results. 4. Compute and analyze cost volume profit, return on investment (ROI), and residual income by comparing the impact of what if scenarios (changes in volume, price, sales, expenses, and assets). 5. Evaluate the acceptability of an investment project using the net present value and the internal rate of return methods. Prerequisites: ACCT 2010 (Grade C- or higher). FA, SP, SU

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.utahtech.edu/

Phone Number:

(435) 652-7500

Regional Accreditation:

Northwest Commission on Colleges and Universities

Calendar System:

Semester

General Education

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