Financial and Managerial Accounting

Analyze business transactions and explain how they are reflected in financial reports

Present the contents of general purpose financial statements

Explain the impact of different cost flow assumptions when accounting for inventory

Comment on the difference between the direct write-off and the allowance methods to account for receivables and uncollectible receivables

Identify the net book value of long-term assets and explain how they and their related expenses are reflected in financial statements

Categorize and describe various types of liabilities and equity

Examine a statement of cash flows

Use financial ratios to analyze financial statements

Discuss managerial cost concepts

Describe the allocation of overhead costs to products

Compare different types of cost behaviors and use cost-volume-profit analysis

Interpret a master budget

Develop the essential knowledge and interpersonal skills to work effectively in a team

Demonstrate proficiency in written and verbal communication skills

What You'll Learn

ACC202 Financial and Managerial Accounting is an introductory course in financial and managerial accounting. It provides an understanding of fundamental concepts used in accounting and their role in business. Students will learn the basic knowledge and skills to analyse and apply accounting information to support decision making.