ACCT 2010 - Accounting for Managers

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

Time Guidelines
The standard instructional time for this course is 45 hours.

Prerequisites

One of:
- ACCT 1010
- ACCT 215
One of:
- BMAT 1040
- BMAT 205
- BMAT 230

Equivalents
ACCT 2020, ACCT 338, ACCT 225