Prerequisites: MEBA 110
Description: The student learns the basic concepts and standards underlying managerial accounting systems. The student is taught how to produce income statements, balance sheets, and cash flow
statements. The student also is shown how these documents describe the state of the firm in terms of revenue recognition, inventory, long-lived assets, present value, and long-term liabilities. The emphasis of this course is for the student to understand the internal operations of a firm and how those operations are reflected in documentation.