ACT 151 - Managerial Accounting (3 Credits)

The focus of this course is on identifying the characteristics of corporations and recording transactions for the preparation, analysis and interpretation of financial statements. Included are elements of management accounting for planning, control, long-term strategy and decision making. Students identify characteristics of corporations and partnerships and complete accounting transactions related to the preparation and analysis of corporate financial statements. Students also apply management accounting techniques in the accounting control and decision-making process. Lecture Hours: 39. Prerequisite(s): ACT 101 with a grade of “C” or better or permission of the department head. Usually offered in the fall and spring.