This course is an organizational leader's introduction to financial and managerial accounting, essential topics for students concentrating in engineering management, general management and economics. Cadets study the Accounting Cycle in detail, starting with analysis and recording of business transactions and culminating in the production of the financial statements of the corporation. Cadets also study basic principles of asset valuation, revenue and cost recognition, and analytical techniques for individual asset, liability, and capital accounts. The Managerial Accounting block is focused on cost-volume-profit analysis, Job-order Costing, and Activity Based Costing. The course culminates with a complete financial statement analysis comparison of three companies that enables cadets to apply the concepts of both financial and managerial accounting to modern corporations to answer the question: "Which company is well-managed today and best-positioned for success in the future?"
Lessons
40 @ 55 min (2.500 Att/wk)
Labs
0 @ 0 min
Special requirements
The course requires lesson preparation and 4 instructor assigned problem sets in manual bookkeeping, cost and managerial accounting. The group project requires an 8-12 page project and oral presentation. Compensatory time is given.
