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University of Phoenix ACC 561 Accounting Study Guides and Answers PaperScholar Study Aids
Guide Last Updated: February 18, 2015
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University of Phoenix ACC 561 Accounting Study Guides and Answers

University of Phoenix ACC 561 Accounting Study Guides and Answers


University of Phoenix ACC 561 Accounting Study Guides and Answers

This course applies accounting tools to make management decisions. Students learn to evaluate
organizational performance from accounting information. Other topics include financial
statements, cost behavior, cost allocation, budgets, and control systems.

  • Week One: Decision Making
    • Explain the role of budgets and performance reports in the management decision-making
    • Evaluate the role of ethics in accounting decision making.
    • Evaluate relevant accounting information for business decision making.
  • Week Two: Financial Statements
    • Apply the concepts, techniques, and conventions of basic financial accounting.
    • Identify how measurement conventions affect financial reporting.
    • Determine the relationships between the elements of the four financial statements.
  • Week Three: Cost Behavior
    • Evaluate how cost behavior affects selection of cost drivers and management decisions.
    • Analyze the cost-volume-profit relationships to predict effects of changes in sales or
    costs, including the break-even sales volume.
    • Compare and contrast the different methods of measuring cost functions.
    • Explain how cost accounting systems are used to determine the cost of a product,
    service, customer, or other cost objectives.
  • Week Four: Budgets
    • Explain the major components, advantages, and disadvantages of a master budget.
    • Assess the risks associated with sales forecasting.
    • Construct an activity-based flexible budget.
  • Week Five: Cost Allocation
    • Explain the methods of cost allocation.
    • Analyze how factory overhead is applied to products.
    • Compare and contrast uses of variable and absorption costing.
  • Week Six: Performance Management
    • Evaluate how managers use control systems to achieve organizational goals.
    • Compute return on investment, residual income, and economic value added.


ACC 562 – all questions and answers

Accounting is not an easy subject – especially on the graduate level.  This is where our ACC 561 study guides can come to the rescue. All of the topics are covered in detail so that you can revise the information you have been given in the course and study it in more depth. Each week from ACC 561 week 1 : decision making to ACC 561 through week 6: Performance Management is covered in enough detail for you to be able to successfully complete the required work and get better grades in less time. Additionally, we offer a selection of ACC 561 final exam questions so that you can learn more about what to expect on the final exam. Our A+ graded study guides enable you to get a better understanding of the topics on a week by week basis. If you find that you are confident with most of the coursework, but find that a certain week, such as ACC 561 Week Five: cost allocation or ACC 561 Week 3 cost behaviour is particularly tricky for you, then you can buy a specific week if you choose. This means that you do not have to pay for a study guides for an entire course, only buy what you need.

You pay a lot of money to go to school, so it’s important you get good value for your money. Our study guides will help you get better grades in less time.  Our study guides provide great value in that they have detailed solutions so you have a full understanding of the course material and you can give yourself the very best opportunity to conquer the course.


or select individual weeks below in related tutorials.