MAC 5010 Accounting Foundations II

This course will prepare incoming graduate accounting students with a foundation in financial statement analysis and managerial accounting.  The course material begins with a continuation of the financial accounting topics covered in Accounting I, focusing on long-term liabilities, cash flow, and financial statement analysis.  The managerial accounting topics covered include the elements of cost in business organizations, basic cost behavior patterns, decision-making, cost-volume profit analysis, and budgeting. 

Graduate accounting students lacking six credits of undergraduate accounting are required to take this course as a prerequisite for the core MAC courses.