ACCT 203: Survey of Accounting

ACCT 203-K02: Survey of Accounting
(Fall 2024)

03:00 PM to 05:40 PM T

Mason Korea (119 Songdomunhwa-ro, Yeonsu-gu, Incheon, Korea) G302

Section Information for Fall 2024

This course offers a comprehensive exploration of financial and managerial accounting. Financial accounting is designed to address the needs of external users, encompassing the recording, reporting of transactions, and preparation of financial statements. Conversely, managerial accounting focuses on how a company's internal users, especially managers, analyze, measure, and interpret financial data for planning and decision-making. The course covers key financial accounting concepts such as understanding the accounting cycle and delving into essential balance sheet accounts. Additionally, managerial accounting concepts include cost of goods manufactured, CVP analysis, contribution margin, break-even analysis, and other crucial tools utilized by internal stakeholders.

Course Information from the University Catalog

Credits: 3

This course provides an introduction to financial and managerial accounting. Financial accounting is explored from the perspective of those who prepare and use financial information, covering topics such as recording financial transactions, preparing financial statements, understanding cash management, and internal controls. Managerial accounting topics include cost behaviors, breakeven analysis, manufacturing activities, and short-term decision-making. This course prepares students for the next course in the sequence, ACCT 303.Offered by Accounting. Limited to two attempts. Equivalent to ACCT 204.
Recommended Prerequisite: ECON 103
Registration Restrictions:

Students with the terminated from BC major attribute may not enroll.

Schedule Type: Lecture, Recitation
Grading:
This course is graded on the Undergraduate Regular scale.

The University Catalog is the authoritative source for information on courses. The Schedule of Classes is the authoritative source for information on classes scheduled for this semester. See the Schedule for the most up-to-date information and see Patriot web to register for classes.