ACCT& 203 Principles of Accounting III • 5 Cr.


Analyzes and evaluates accounting information as part of the control, planning, and decision-making processes. Students concentrate on the use of information by business managers and decision makers. Prerequisite: ACCT& 202 with a C or better or entry code.


After completing this class, students should be able to:

  • Demonstrate a general understanding of the uses/benefits of accounting information in an organization and provide a framework for applying this information in a simulated setting.
  • To evaluate cost terms, concepts, and behaviors as they relate to accounting systems.
  • To analyze cost-volume-profit relationship tools for decision making.
  • To utilize budgeting techniques, variance analysis, the balanced scorecard and other tools to measure organizational performance.
  • Create accounting models for use in decision making, capital budgeting, differential analysis and other performance measures.
  • Demonstrate "test for understanding" skills with the instructor, to assure he/she is on track with the course assignments and expectations.
  • Improve the following skills: learning, written communication, teamwork, deductive reasoning, and critical thinking.