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Alverno College Management Accounting Major
MGA202 - Principles of Accounting

Course Description

This course focuses on accounting issues related to an organization's operating, investing, and financing activities. Students develop their understanding and ability to apply accounting concepts, principles, and procedures to address an organization's information and financial reporting needs. Students will continue to develop their understanding of management's role in the selection of accounting principles and the impact of these decisions on what financial statements communicate.

Management Accounting Major and Course Outcomes

At the conclusion of this course, you will be able to:
Integrate principles from accounting and management theory with liberal arts learning to interpret and analyze business situations and to effectively communicate with others in a variety of contexts by:

• Developing your understanding of accounting issues as social issues and the impact of financial information on stakeholders and their decision making.
  

Use accounting frameworks to initiate and implement problem solving and process improvement in organizational contexts by:

• Using generally accepted accounting principles to prepare accounting information needed by a variety of internal and external users.

Use management theory to interact in professional contexts that requires leadership of groups and other types of interpersonal interactions by:

• Identifying stakeholder (customer, supplier, owner, government, and society) information needs and perspectives.
• Continuing to explore the emerging role of accountants and the accounting profession as part of the management team.
  

Respond to management and accounting issues in a manner consistent with personal and professional codes of conduct by:

• Incorporating your own value system within ethical and professional frameworks to analyze, communicate, interpret and assist others to report financial information in accordance with internal and external requirements and the expectations of the profession.