代写ACCTG 211 – 001: FINANCIAL & MANAGERIAL ACCTG FOR DECISION MAKING FALL 2024调试Haskell程序

ACCTG 211 – 001: FINANCIAL & MANAGERIAL ACCTG FOR DECISION MAKING

FALL 2024 SYLLABUS

            COURSE PREREQUISITES

Students must have successfully completed MATH 021 or  1.5 units of high school algebra. It is the student’s responsibility to satisfy all prerequisites for this class. If students do not have the prerequisites, the course   should be dropped. Students may be administratively dis-enrolled if they do not have the prerequisites.

COURSE DESCRIPTION

The objective of this course is to introduce students to the discipline of accounting through an introduction to

two of accounting's sub-disciplines, financial and managerial accounting. The more specific purpose is to

provide students a basic understanding of the role of financial and managerial accounting information in the decisions of capital market participants external to a business enterprise (e.g., stockholders, banks, financial analysts, prospective stockholders), and in the decisions of those who manage business enterprises.

Accounting information has a key role in the resource allocation process in our socio-economic system, as

well as in each individual business enterprise. This course provides students an understanding of (1) the nature of the accounting function, and (2) how the information in accounting reports are used by various decision

makers in their resource allocation decisions. This introductory course in financial and managerial accounting is for students from a variety of backgrounds. This course is an important background course for all business majors, as well as for numerous non-business majors.

In this course students will develop an understanding of (a) the five activity dimensions of accounting (the

collection, recording, analysis, interpretation and reporting of information to decision makers for (mainly)

their investment decisions), (b) the issues surrounding the five activity dimensions, (c) the environment in

which accounting is practiced, and (d) what information is used in a number of specific decision situations, and how such information is used in such decision situations. The analysis, interpretation and decision-making

orientation of this course includes a study of the procedural (mechanical and processing) aspects of the

recording activity dimension which is an important means to the end --where the end is the analysis and

interpretation of the information, and the reports produced by the recording/processing part of accounting.

Through this focus on the recording activity dimension, students will obtain an understanding of (a) the nature

and quality (strengths and weaknesses) of accounting information, (b) how to proceed in analyzing and interpreting accounting information, and (c) numerous other aspects of financial and managerial accounting.

COURSE OBJECTIVES

Upon successful completion of this course, students will be able to do the following:

•    Comprehend the role of the accounting profession in business.

•    Possess a working knowledge of business and accounting terminology such as: revenues, profits, gains, losses, expenses, costs, owners’ equity, assets, liabilities, accounting cycle, operating cycle, and internal control.

•    Interpret the concepts, assumptions and principles that underlie generally accepted accounting principles (GAAP).

•    Complete all phases of the accounting cycle from analyzing and processing transactions through the preparation of the financial statements and the closing of the accounting records using GAAP.

•    Analyze, interpret, and report transactions for merchandising operations, including inventory-costing methods using GAAP.

•    Apply generally accepted accounting principles to transactions related to cash, receivables, long-term assets, current liabilities, long-term liabilities, and shareholder’s equity.

•    Understand the preparation of and the use of required financial statements.

•    Identify and explain the effects of accruals and deferrals on financial statements.

•    Calculate product costs using job order and activity-based costing.

•    Prepare and analyze statement of cash flows.

•    Understand the function of managerial accounting and its relationship to financial accounting.

•    Develop and utilize various accounting information for short-term business decisions.

•    Understanding the problems and practice of accounting in various manufacturing environments.

•    Produce the various types of budgets and analyze the resultant variances.