In this project, you will demonstrate your mastery of the following competencies: Describe how managerial accounting supports management information systems Utilize managerial accounting techniques and models to support an organization’s strategic plan Explain how managerial accounting is used to make decisions about short-term business opportunities, capital investments, and evaluating operational performance Scenario Your business has…
To discuss and evaluate professional ethics, you need to understand the purpose and terminology of ethical standards, as well as the repercussions of professional misconduct. The American Institute of Certified Public Accountants (AICPA) code of professional conduct is the gold standard for defining professional conduct in accounting; therefore, business professionals should be familiar with it.…
Companies choose their costing method based on their business activities and processes, as well as the products and services they offer. A company can be a manufacturing, merchandising, or service organization; this also impacts which costing method will be most useful for its purposes. As a part of costing, the company also needs to decide…
CO-3: Analyze financial ratios and break-even to determine management decision making. LO-3.1: Calculate and explain changes in financial statements using horizontal analysis and vertical analysis. LO-3.2: Perform ratio analysis of financial statements. LO-3.3: Describe the considerations used in financial statement analysis. CO-4: Articulate the analysis and synthesis of a selected company’s financial statements. LO-4.1: Describe…
In this discussion, you will consider the relevance of managerial accounting in different professional roles. Briefly research career opportunities that require knowledge or experience with managerial accounting. In your initial post, introduce yourself, and then address the following: Describe at least two positions related to managerial accounting that you find interesting and explain why. Include…
In this project, you will demonstrate your mastery of the following competencies: Describe how managerial accounting supports management information systems Utilize managerial accounting techniques and models to support an organization’s strategic plan Explain how managerial accounting is used to make decisions about short-term business opportunities, capital investments, and evaluating operational performance Scenario Your business has…
While understanding the basics of financial accounting is certainly important for accountants, it is also an important skill to have in all types of professional fields. In this discussion, you will make connections between your chosen field and what you have learned about financial accounting in this course. Address the following in your initial post:…
ACC 201 Project Guidelines and Rubric Competencies In this project, you will demonstrate your mastery of the following competencies: Record and present financial information by applying the appropriate framework and guidelines of accounting for business transactions Determine asset accounts and their disclosure in the financial statements Determine liability and equity accounts and their disclosure in…
ACC 201 Milestone Two Guidelines and Rubric Overview In Milestone One, you completed the first part of your course project to demonstrate your ability to accurately record financial data. In Milestone Two, you will use your trial balance results from Milestone One to create financial statements. These financial statements will be part of the Summary…
ACC 201 Milestone One Guidelines and Rubric Overview In previous modules, you examined the initial stages of the accounting cycle and practiced journalizing financial transactions. In Milestone One, you will complete the first part of your course project to demonstrate your ability to accurately record financial data, which will continue to be used to complete…