ACCT 2102 - Accounting Principles II

Description

A continuation of Principles of Accounting I, students will examine basic financial and managerial accounting concepts with an emphasis on the analysis and reporting of cost data for managers’ decision-making needs. (3-0-3)

Learning Objectives

• Classify costs as direct or indirect, prime or conversion , and product or period.
• Calculate the Costs of Goods manufactured.
• Differentiate between job order costing and process cost systems as well as assign costs based on both systems.
• Prepare a Cost production report.
• Develop activity cost pools and allocate costs.
• Distinguish between the different types of Cost behaviors.
• Calculate the break even point,operating leverage, and margin of safety.
• Develop incremental analysis and select a decision based on such analysis.
• Identify and create various forms of budgets.