ACCT 225 - Accounting for Managers

Course Description:
Managers in all areas of business require an understanding of financial statements and how to use financial information for decision making. In this course, you will gain expertise in interpreting balance sheets, income statements and statements of cash flow. You will also learn how to use financial information for decision making. You will perform variance analysis and ratio analysis on financial statements in order to analyze them. You will gain an understanding of the importance of cash management in a business, and subsequently prepare bank reconciliations in order to reconcile cash between accounting records and bank statements. In addition, you will develop an understanding of the budgeting process, and how a budget is used in planning and control. Using the appropriate software, you will create a budget. The concept of using incremental analysis to make decisions will be introduced. Lastly, risk will be discussed for each objective of the course.

3 Credits

Prerequisite(s):

ACCT 215
BMAT 230