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Master Course Outline
ACCT& 203
Principles of Accounting III
Course Description: A study of accounting information and its application and uses within the business
organization. Includes the study of manufacturing operations with emphasis on determination, behavior and
control of costs, cost-volume-profit analysis, budgeting and responsibility accounting, and management decision
making for pricing, capital expenditures and short-run analysis. 5 lecture hours. Satisfies specified elective
requirement for the AA degree.
Credits: 5
Prerequisites: ACCT& 202
Co-requisites: none
Learning Outcomes:
Students will learn to:
 Apply job-order costing to a service and manufacturing organization
 Prepare financial statements for a manufacturer
 Compute costs in a process-costing system.
 Allocate manufacturing overhead using activity-based systems.
 Use fixed and variable cost concepts to facilitate decision making.
 Prepare budgets and explain their usefulness in managing an organization.
 Apply incremental analysis to various short-run decisions.
 Use various techniques to make pricing decisions.
 Analyze capital investment proposals by using several techniques.
Course Resources/Textbooks/Website: Current text information is available at GHC Bookstore
Academic Integrity: All forms of cheating, falsification, and plagiarism are against the rules of this course and of
Grays Harbor College. Students who are unsure what constitutes academic dishonesty are responsible for asking
the instructor for clarification. Instances of intentional academic dishonesty will be dealt with severely.
Disabilities: Students who have documented disabilities that require accommodations in compliance with the
Americans with Disabilities Act should contact the Disability Support Services coordinator as well as the instructor
of the course in order to ensure that together we create an optimal environment for educational achievement.
W Day, the final day to officially withdraw from a course, is the Thursday of the seventh week (Thursday of the
fourth week for summer). Students who do not withdraw by that date will receive the grades they have earned,
regardless of whether they are attending the course or completing the work. Students who are considering
withdrawal are strongly advised to consult with the instructor, advisor and financial aid prior to withdrawing. The
only withdrawals allowed after W Day are complete withdrawals from all courses.
8/5/2015