This course introduces students to the concepts and techniques involved in managerial accounting for small businesses and nonprofit organizations. The course includes a review of financial accounting concepts and practices and assignments that allow students apply these practices to document the financial history of businesses. Students also learn some techniques for assessing the financial condition and performance of an organization. Along the way, student will learn how accounting principles, audits and tax requirements influence the recording and presentation of financial statement. Prerequisite: CED400 or equivalent.