ACCT& 203 - Principles of Accounting III

Credits: 5
The third course in the accounting transfer sequence. Covers introductory concepts of managerial accounting. Topics include job-order costing, cost-volume-profit relationships, budgeting, standard costs, variance analysis, differential analysis for decision making, and capital budgeting. Includes computer application.

Enrollment Requirement: Eligible for ENGL& 101; and MATH 147; and ACCT& 202 with a grade of 2.0 or higher; or instructor consent. Recommended: ECON& 202 prior to enrolling in this course and computer spreadsheet skills.

Course Outcomes:
Students who successfully complete this class will be able to:

Demonstrate an understanding of managerial accounting and cost concepts.
Use job costing, cost-volume-profit, and capital budgeting techniques.
Prepare components of various budgets; and compute and analyze variances.
Use a computer spreadsheet application to calculate amounts and solve problems.

Program Outcomes
Implement calculator/computer technology to solve problems.

College-wide Outcomes

Critical Thinking - Critical thinking finds expression in all disciplines and everyday life. It is characterized by an ability to reflect upon thinking patterns, including the role of emotions on thoughts, and to rigorously assess the quality of thought through its work products. Critical thinkers routinely evaluate thinking processes and alter them, as necessary, to facilitate an improvement in their thinking and potentially foster certain dispositions or intellectual traits over time.
Quantitative and Symbolic Reasoning - Quantitative Reasoning encompasses abilities necessary for a student to become literate in today’s technological world. Quantitative reasoning begins with basic skills and extends to problem solving.