ACCT601
ACCT601
ACCT601
Course Name: Financial and Managerial Accounting Course Code: ACCT 601
Pre-requisite: Not Applicable Credit Hours: 3
Brief Description
This course teaches students how to demonstrate the financial accounting framework, the
accounting cycle, how to prepare and analyze financial statements, and how to extract and
modify costs in order to make informed managerial decisions. In addition, the course provides
an overview of theoretical and practical managerial accounting information. Planning is covered
through important topics such as job order cost systems and overhead allocations, process
costing, operational budgeting, standard cost systems and cost-volume-profit analysis.
Course Objectives
Course Topics
Text Book
Williams, J. R., Haka, S. F., Bettner, M. S., & Carcello, J. V. (2020). Financial and Managerial
Accounting. New York, NY: Mc Graw-Hill Irwin.
Additional References
Online Resources
Bloomberg Terminal.
Academic databases available through the University’s Library website.
Course Outline
Week Hours Topics Remarks
1 3 Course introduction
2 3 Accounting: Information for Decision Making, discuss exercises
and cases
3 3 The Accounting Cycle: Capturing Economic Events, discuss
exercises and cases
4 3 The Accounting Cycle: Accruals and Deferrals, discuss exercises
and cases
5 3 Statement of Cash Flows, discuss exercises and cases
6 3 Financial Statement Analysis, discuss exercises and cases
7 3 Financial Statement Analysis, discuss exercises and cases
8 3 Midterm
9 3 Management Accounting: A Business Partner, discuss exercises
and cases
10 3 Management Accounting: A Business Partner, discuss exercises
and cases
11 3 Cost-Volume-Profit Analysis, discuss exercises and cases
12 3 Cost-Volume-Profit Analysis, discuss exercises and cases
13 3 Responsibility Accounting and Transfer Pricing, discuss
exercises and cases
14 3 Rewarding Business Performance, discuss exercises and cases
15 3 Presentation