In order to crack ACC 561 Final Exam one must have the prerequisite knowledge about the courses that the exam covers. The course generally incorporates accounting tools in order to make management decisions. It also helps the student to learn and to evaluate the performance of an organization ranging from accounting information to other types. Some of the other topics that are included in the course are financial statements, cost allocation, cost behaviour, control systems and budgets.
The topics and objectives of each topic for the course that should be prepared for ACC 561 final exam are as follows:
Week One: Decision making.Image
To explain the different role of performance reports and budgets in the decision making process. To evaluate different roles of ethics for accounting and decision making. To evaluate all the relevant accounting data for making a good business decision. Week Two: Aspects of cost behaviour
To evaluate how different cost aspects affect the selection for cost drivers and the management decisions. To analyze how the cost volume and profit relationship help to predict effects of changes in costs, sales, and also including break-even sales. To explain how the systems of cost accounting are generally used to determine the cost of different types of products, customers, services and also other objectives related to cost. Week Four: Budgets
To explain the main components, disadvantages and advantages related to a master budget. To assess the risks involved in sales forecasting. To construct a budget based on the different activities. Week Five: cost allocation
To explain the different methods of allocation of costs. To analyze the how the factory overhead can be applied o different products. To compare the uses of different variable and also absorption costing. Week Six: Performance Management
To evaluate how can managers use the control systems to achieve the different organizational goals. To compute return based on different investment, economic value addition, and residual income. This six week stretched course is designed such as to impart the knowledge of quantitative analysis in decision making and also to pursue a degree in bachelor's in business science. To pursue a career in business science there are many institutes, universities and colleges that provide this course all around the globe with state of the art teaching and learning skill for the students.
The topics and objectives of each topic for the course that should be prepared for ACC 561 final exam are as follows:
Week One: Decision making.Image
To explain the different role of performance reports and budgets in the decision making process.
To evaluate different roles of ethics for accounting and decision making.
To evaluate all the relevant accounting data for making a good business decision.
Week Two: Aspects of cost behaviour
To evaluate how different cost aspects affect the selection for cost drivers and the management decisions.
To analyze how the cost volume and profit relationship help to predict effects of changes in costs, sales, and also including break-even sales.
To explain how the systems of cost accounting are generally used to determine the cost of different types of products, customers, services and also other objectives related to cost.
Week Four: Budgets
To explain the main components, disadvantages and advantages related to a master budget.
To assess the risks involved in sales forecasting.
To construct a budget based on the different activities.
Week Five: cost allocation
To explain the different methods of allocation of costs.
To analyze the how the factory overhead can be applied o different products.
To compare the uses of different variable and also absorption costing.
Week Six: Performance Management
To evaluate how can managers use the control systems to achieve the different organizational goals.
To compute return based on different investment, economic value addition, and residual income.
This six week stretched course is designed such as to impart the knowledge of quantitative analysis in decision making and also to pursue a degree in bachelor's in business science. To pursue a career in business science there are many institutes, universities and colleges that provide this course all around the globe with state of the art teaching and learning skill for the students.