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This course has been changed from the previous catalog, the changed field(s) are highlighted in red:

 Course Title:   Prin of Accounting III

 Title Abbreviation:   PRIN OF ACCOUNTING III

 Department:    ACCT&

 Course #:    203

 Credits:    5

 Variable:     No

 IUs:    5

 CIP:    520301

 EPC:    n/a

 REV:    2014


 Course Description  

Introduction to the use of accounting information in the planning, controlling and decision-making processes of business managers. Job and process costing, cost-volume-profit analysis and budgeting are discussed in detail.

 Prerequisite  

Prerequisite: ACCT& 202, concurrent enrollment in ACCT& 202, or instructor permission.

Additional Course Details

Contact Hours (based on 11 week quarter)

Lecture: 55

Lab: 0

Other: 0

Systems: 0

Clinical: 0


Intent: Distribution Requirement(s) Status:  

Academic Elective  

Equivalencies At Other Institutions

Other Institution Equivalencies Table
Institution Course # Remarks
CWU ACCT 253
U of W ACCTG 230
WSU ACCTG 231
WWU ACCTG 245

Learning Outcomes

After completing this course, the student will be able to:

  1. Prepare financial reports useful for managers
  2. Distinguish between a job order cost accounting system and a process cost accounting system.
  3. Determine the sales volume required to earn a desired level of operating income
  4. Use cost-volume-profit relationships in evaluating various marketing strategies
  5. Assign revenue and costs to segments of a business
  6. Prepare a master budget

General Education Learning Values & Outcomes

Revised August 2008 and affects outlines for 2008 year 1 and later.

2. Critical Thinking

Definition: The ability to think critically about the nature of knowledge within a discipline and about the ways in which that knowledge is constructed and validated and to be sensitive to the ways these processes often vary among disciplines.

Outcomes: Students will be able to . . .
2.1 Identify and express concepts, terms, and facts related to a specific discipline.
2.3 Identify, interpret, and evaluate pertinent data and previous experience to reach conclusions.

8. Mathematical Reasoning

Definition: Understanding and applying concepts of mathematics and logical reasoning in a variety of contexts, both academic and non-academic.

Outcomes: Students will be able to . . .
8.3 Interpret information and reasoning expressed mathematically (for example in spreadsheets, diagrams, charts, formulas, etc.).

Course Contents

  1. Nature of Managerial Accounting
  2. Cost Concepts and Classifications
  3. Job Order cost Systems
  4. Process Cost Systems
  5. Cost Behavior and Cost Estimation
  6. Cost-Volume-Profit Analysis
  7. Profit Reporting for Management Analysis
  8. Budgeting
  9. Standard Cost Systems
  10. Responsibility Accounting Systems
  11. Capital Investment Analysis