MGMT 321 Accounting Concepts-Managers

This course attempts to bridge the communication gap between the accounting professionals who prepare financial statements for reporting and the business managers who must use financial statements for operational decision making. In this course, you will learn how to read, interpret, and apply the accrual accounting information used in financial statements to common financial, managerial and operational decisions. You will also explore how accounting and budgeting support the manager in promoting organizational goals.

Credits

4

Prerequisite

BT 165 or BA 211Z and MTH 105Z or higher

Course Learning Outcomes

Upon successful completion of this course, the student will be able to:
1. Explain the accounting equation and common accrual accounting principles
2. Identify and describe the accounting information reported in standard financial statements
3. Extract and apply accounting information from financial statements in ratio analysis
4. Recognize the important role of accounting information to inform operational business decisions
5. Evaluate working capital management and cash management techniques 6. Explain the role of budgets in planning, implementing, and controlling in order to achieve organizational goals