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Accounting for Managers - ACCT 2010

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Course Description

Managers in all areas of business require an understanding of financial statements and how to use financial information for decision making. In this course, you will gain expertise in interpreting balance sheets, income statements and statements of cash flow. You will also learn how to use financial information for decision making. You will perform variance analysis and ratio analysis on financial statements in order to analyze them. You will gain an understanding of the importance of cash management in a business, and subsequently prepare bank reconciliations in order to reconcile cash between accounting records and bank statements. In addition, you will develop an understanding of the budgeting process, and how a budget is used in planning and control. Using the appropriate software, you will create a master budget, as well as a flexible budget. Lastly, risk will be discussed for each objective of the course.

Credits: 3

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