ACC 1100 Survey of Accounting

Outcomes

• Evaluate the results of operations and financial strength of a simple corporation on the basis of its financial statements
• Explain the impact variable, fixed, and mixed costs have on a business entity's financial performance in relation to changes in sales and production volume
• Demonstrate an understanding of the generally accepted accounting principles and concepts that apply to the accounting process
• Allocate overhead costs to products and services using traditional methods and activity based costing
• Apply basic managerial accounting concepts to problems of management planning, control, and performance evaluation
• Solve a variety of business problems using appropriate accounting tools and methods
• Construct basic financial statements for a simple corporate business entity

Credit Hours: 3