2021-2022 Catalog

AC 502 Applied Management Accounting Concepts II

Course emphasis is placed on financial statement analysis, corporate finance, decision analysis, risk management, investment decisions, and professional ethics. Students will analyze information, evaluate options, make recommendations, and provide information useful to support management decision-making.  AC 501 and AC 502 concentrate on topics routinely tested on the CMA and CGMA certification examinations and will help students prepare to site for these exams. 




Although a major in accounting or finance is not required to complete this course, students are assumed to have in depth knowledge in the preparation of financial statements, finance, business, economics, time-value of money concepts, statistics, and probability. With regard to U.S. Federal income taxation issues, students will be expected to understand the impact of income taxes in decision-making and when reporting and analyzing financial results.


  1. This course will prepare students to:
  2. Justify internal auditing activities by summarizing the added value and security of information.
  3. Appraise and recommend the application of various principles of corporate finance.
  4. Integrate decision analysis techniques for planning and monitoring business operations.
  5. Compare and contrast the ethical standards and considerations applicable to management accounting and financial management professionals.
  6. Evaluate, recommend, and defend capital investment strategies.
  7. Assess, mitigate, and monitor enterprise risk.