MORT3009

This course is an introduction to the basic principles of financial and cost accounting with an emphasis on small business and funeral home operations. Accounting provides financial information about a business to owners, creditors, managers, and other interested parties that need to make various business decisions.

This course covers the preparation and analysis of financial statements, accounting for sales and accounts receivable, accounting for purchases and accounts payable, cash flow and working capital management, payroll computations, inventory management, investment in fixed assets, debt and equity capital management, and valuation of business and assets, as well as an introduction to cost accounting concepts including cost behavior, basic budgeting, and cost-revenue analysis.

012050