Jun 16, 2024  
2023-2024 WWCC College Catalog 
2023-2024 WWCC College Catalog

ACCT& 203 - Principles of Accounting III

Credits: 5
LEC hours per week: 5
Application of accounting concepts and techniques to managerial problems of planning and control are discussed. Formerly: ACCT 203.
Prerequisite(s): grade C or higher in ACCT& 202 .
Course Outcomes:
  • Compare and contrast managerial accounting from financial accounting.
  • Apply direct and indirect cost allocation methods.
  • Determine product costs using job order and process costing systems.
  • Recommend business alternatives based upon cost-volume-profit and break-even analysis.
  • Prepare operating, financial, and capital budgets and determine their use in planning and control.
  • Evaluate business options and opportunities using managerial accounting concepts.
Course Topics:
  1. Goal setting
  2. Decision-making steps
  3. Product costing
  4. Cost accumulation
  5. Activity Based Management
  6. Cost Behavior Patterns
  7. Breakeven analysis
  8. Budgeting
  9. Standard Costs
  10. Variance analysis