ACCT 303: Accounting for Decision Making

ACCT 303-K01: Accounting for Decision Making
(Fall 2024)

09:00 AM to 11:40 AM W

Mason Korea (119 Songdomunhwa-ro, Yeonsu-gu, Incheon, Korea) G306

Section Information for Fall 2024

Students will examine accounting functions and the value they bring to a business and the economy overall.  Students will develop an understanding of basic accounting functions internal and external to the business including financial, cost, and tax accounting as well as internal and external audit. Students will learn how information generated by those functions can be used to support decision making in the business. Specifically, students will study accounting from the viewpoint of managers and users of accounting information including using financial statement information to make financing, operating, and investing decisions, recognizing how the structure of the tax system and body of tax law impacts business decision making, using managerial accounting information to make operating and compensation decisions, and understanding the importance of internal and external audits to the business and the capital markets.

Course Information from the University Catalog

Credits: 3

Students will examine how economic transactions are measured and recorded in financial statements using generally accepted accounting principles to help users of accounting information to make financing, operating, and investing decisions for businesses. Students will also learn how the tax system impacts business decision making, how managers could use managerial accounting information to make operating and compensation decisions, and understand the importance of internal and external audits to business and capital markets. Notes: Students cannot receive credit for ACCT 301 and ACCT 303/ACCT 330. Costello College of Business students will not be permitted to make more than three attempts to achieve a C or higher in ACCT 303. The third attempt requires academic advisor approval. Those who do not successfully complete this course within three attempts will be terminated from their concentration and will not be eligible to receive a degree from the Costello College of Business.Offered by Accounting. Limited to two attempts.
Recommended Prerequisite: BUS 103 and BUS 200 are strongly recommended.
Registration Restrictions:

Required Prerequisites: (ACCT 203C, U203, 203XS, 204C or U204) and (BUS 210C, U210 or 210XS) and (MATH 108C, U108, 108XS, 113C, U113, 113XS, 114C, U114, 114XS, HNRT 225C, 225XS or U225).
C Requires minimum grade of C.
XS Requires minimum grade of XS.

Students with a class of Freshman may not enroll.

Non-Degree level students may not enroll.

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.