Almost all management decisions deal with the same key issues: cost, price, and profit. This course will examine this sort of decision-making, identifying the tools and methods managers use to make the best-informed decisions possible. We will begin with an introduction to the terms that will be referenced in the later units. We will then discuss the various methods and theories that managers deploy when tracking costs and profits. The final section will explain how managers report the overall performance of a firm or department for internal use. Upon completion of this course, students will be better prepared to make informed decisions within a firm.

At the end of this section, students should be able to meet the following objectives:

Define “internal control.”
Explain a company’s need for internal control policies and procedures.
Describe the effect that a company’s internal control has on the work of the independent auditor.

Concepts in calculating payroll including hourly wages, commissions, and piece work rate are explained in this series of tutorials.

At the end of this section, students should be able to meet the following objectives:

Describe the goal of an auditor in examining an account balance.
List audit tests that might be performed on an account receivable total.
Understand the reason that an independent auditor only provides reasonable assurance and not absolute assurance.

Introduces accounting principles with respect to financial reporting. Demonstrates how decision makers use accounting information for reporting purposes. Focuses on the preparation of accounting information and its use in the operation of organizations, as well as methods of analysis and interpretation of accounting information.

ACCT 201 is an introduction to the fundamentals of financial accounting. This is the first of a two part sequence in financial accounting. In this course we will explore the framework for all accounting processes. Students will learn to record economic events and follow a business process through the steps of the accounting cycle. Service and merchandising businesses will be covered and communication of the conclusions to decision-makers will be emphasized.

ACCT 202 is the second in the sequence of two corporate financial accounting courses. The course is designed for students who have successfully completed ACCT 201. We will expand on the basic framework covered in the first course. During the quarter we will emphasis specific areas of accounting: internal control, receivables, long-term assets and liabilities, debt and equity financing, and the statement of cash flows. The course goal is to provide a basic foundation for further study in accounting and the relationship to the business core and to prepare the student for further study in other business courses.

Login: guest_ocl Password: ocl

Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. Due to the comprehensive nature of the material, we are offering the book in two volumes. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today’s college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the “why” as well as the “how” aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.

Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. Due to the comprehensive nature of the material, we are offering the book in two volumes. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today’s college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the “why” as well as the “how” aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.

1. Role of Accounting in Society
2. Introduction to Financial Statements
3. Analyzing and Recording Transactions
4. The Adjustment Process
5. Completing the Accounting Cycle
6. Merchandising Transactions
7. Accounting Information Systems
8. Fraud, Internal Controls, and Cash
9. Accounting for Receivables
10. Inventory
11. Long-Term Assets
12. Current Liabilities
13. Long-Term Liabilities
14. Corporation Accounting
15. Partnership Accounting
16. Statement of Cash Flows
17. Answer Key

Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. Due to the comprehensive nature of the material, we are offering the book in two volumes. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today’s college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the “why” as well as the “how” aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.

1. Accounting as a Tool for Managers
2. Building Blocks of Managerial Accounting
3. Cost-Volume-Profit Analysis
4. Job Order Costing
5. Process Costing
6. Activity-Based, Variable, and Absorption Costing
7. Budgeting
8. Standard Costs and Variances
9. Responsibility Accounting and Decentralization
10. Short-Term Decision Making
11. Capital Budgeting Decisions
12. Balanced Scorecard and Other Performance Measures
13. Sustainability Reporting
14. Answer Key

Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. Due to the comprehensive nature of the material, we are offering the book in two volumes. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today’s college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the “why” as well as the “how” aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.

The University of North Georgia Press and Affordable Learning Georgia bring you Accounting I. Well-written and straightforward, Principles of Financial Accounting is a needed contribution to open source pedagogy in the business education world. Written in order to directly meet the needs of her students, this textbook developed from Dr. Christine Jonick’s years of teaching and commitment to effective pedagogy.

Various file formats available here: https://oer.galileo.usg.edu/business-textbooks/7/

The University of North Georgia Press and Affordable Learning Georgia bring you Accounting I. Well-written and straightforward, Principles of Financial Accounting is a needed contribution to open source pedagogy in the business education world. Written in order to directly meet the needs of her students, this textbook developed from Dr. Christine Jonick’s years of teaching and commitment to effective pedagogy.

The University of North Georgia Press and Affordable Learning Georgia bring you Principles of Managerial Accounting. Well-written and straightforward, Principles of Managerial Accounting is a needed contribution to open source pedagogy in the business education world. Written in order to directly meet the needs of her students, this textbook developed from Dr. Jonick’s years of teaching and commitment to effective pedagogy.

At the end of this section, students should be able to meet the following objectives:

Describe the purpose of the independent auditor’s report.
Identify the intended beneficiaries of an independent auditor’s report.
Discuss the contents of the introductory, scope, and opinion paragraphs in an independent auditor’s report.
List problems that might impact the contents of an independent auditor’s report.
Indicate the method used by decision-makers to determine whether an independent auditor has been unable to issue an unqualified opinion.

At the end of this section, students should be able to meet the following objectives:

Understand the purpose of an independent audit.
List the two primary components of an independent audit.
Explain the function of an independent audit firm.
Describe the steps required to become a Certified Public Accountant (CPA).
List the various services provided by many public accounting firms. 6. Discuss the necessity for the creation of the Public Company Accounting Oversight Board (PCAOB) and describe its function.

This is a syllabus for FIN 3716 (LSU) and CFIN 3113 in the Louisiana common course catalog.

This U.S. government site provides keyword access to full-text tax court opinions (Memorandum, Summary, and Opinions) and current day court opinions.

End-of-Chapter Exercises
Short answer questions
True or False
Multiple choice
Problems
Research