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Accounting 1150

Managerial Accounting


ACCOUNTING
THE LANGUAGE OF BUSINESS

Many successful businessmen and women attribute part of their success to their understanding of accounting, the language of business. Business schools at baccalaureate institutions require their students to take a full year of accounting. It is recommended that transfer students planning careers in accounting, finance, human relations, marketing, management or sales take Financial Accounting (ACCOU 1140) and Managerial Accounting (ACCOU 1150) at C.O.D. before transferring to a baccalaureate business program. Transfer credit is generally awarded for this two-course sequence.

The C.O.D. accounting sequence (1140 and 1150) is also an appropriate choice for students planning to operate their own businesses at some point in the future, even if their current plans do not include a transfer to a business program at a baccalaureate institution.

This Managerial Accounting course provides an introduction to managerial accounting and cost concepts. The accounting cycle of manufacturers is studied with emphasis on the recording of business transactions relating to the manufacture of inventory and the preparation of financial statements. Emphasis is also placed on analysis of cost behavior, budgeting concepts, standard cost systems and variance analysis, and the use of accounting information to make decisions.

Managerial Accounting (Accounting 1150) is a four credit hour course. The prerequisite for this course is Financial Accounting (Accounting 1140).

CAREER OPPORTUNITIES

Occupational Accounting Program:
The Occupational Accounting program at College of DuPage prepares students to become accounting clerks, bookkeepers, junior accountants, bank tellers, credit analysts, auditing clerks and tax preparers. Job opportunities exist in accounting firms, manufacturing companies, financial institutions, insurance companies, service organizations and not-for-profit and government entities.

You may be well-suited for a career in accounting if you:

been bullet Desire a job with a good starting salary and potential for advancement
been bullet Like working with people in an office setting
been bullet Can effectively follow instructions and assume responsibility
been bullet Enjoy working with numbers and are detail-oriented and organized
been bullet Would like to combine your accounting skills with state-of-the-art computer technology

Employment prospects for entry-level jobs are expected to be steady for individuals who have accounting skills that are supplemented by excellent oral and written communication skills and strong computer skills.

To advance in the accounting field, students should plan to continue their education after completing their initial program of study at College of DuPage. Educational plans that include transferring to a baccalaureate-granting school will enhance the student's opportunities for advancement.

Transfer Accounting Program:
The Transfer Accounting program at College of DuPage starts students on the road to becoming professional accountants by providing the first two years of college course work. To advance in the accounting field, students should plan to continue their education after completing their initial program of study at College of DuPage. Students who receive their associate's degree from College of DuPage may transfer to a baccalaureate-granting school and earn a bachelor's degree in accounting.

Career opportunities include public accountant, auditor, tax specialist, management consultant, Internal Revenue Service agent, financial analyst, credit analyst, cost accountant and budget analyst. Job opportunities exist in public accounting firms, manufacturing companies, financial institutions, insurance companies, service organizations and not-for-profit and governmental entities.

Educational plans that include preparation for examinations required for certification will further enhance the student's opportunities for advancement. Students should consider earning certification as a Certified Public Accountant, Certified Management Accountant, Certified Fraud Examiner, Certified Internal Auditor and/or Enrolled Agent.

The employment prospects for entry-level positions are very competitive, so a student should be well prepared academically and must possess excellent oral and written communication skills and strong computer skills.


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