UoPX ACC/561: Accounting
ACC/561 is the MBA accounting course, spanning financial statements, ratio analysis, and managerial accounting topics like budgeting and cost behavior in six weeks. Alongside FIN/571, it forms the quantitative core of the UoPX MBA.
Fennie is independent and not affiliated with University of Phoenix. This is an unofficial study guide.
What makes it hard
It compresses what's normally two undergraduate courses, financial and managerial accounting, into six weeks. Students without accounting exposure hit the wall at debits/credits and statement mechanics in the early weeks, then again at cost-volume-profit analysis. Weekly problem sets punish anyone learning concepts the night they're due.
What you'll cover
- • Financial statements and their relationships
- • Ratio analysis
- • Cost behavior and cost-volume-profit analysis
- • Budgeting
- • Managerial decision making
The ACC/561 study guide
How to study for UoPX ACC/561, step by step.
- 1
Plan double time for weeks one and two
ACC/561 compresses two undergraduate courses into six weeks, and the first wall, statement mechanics and debits/credits, arrives immediately. Non-accountants should clear their calendars early.
- 2
Do accounting problems every day
Accounting is a skill, not reading material. Students who only review solutions can follow them but can't reproduce them, and the weekly problem sets require reproducing them.
- 3
Master how the statements connect
Trace how a single transaction flows through the income statement, balance sheet, and cash flows. Ratio analysis and the managerial weeks both assume this mental model.
- 4
Treat cost-volume-profit as the second wall
CVP analysis is where students relax after surviving the financial half and get caught. Practice break-even and contribution-margin problems before that week opens, not during it.
- 5
Tie numbers to decisions in every assignment
Graduate rubrics want the managerial conclusion (make or buy, keep or drop), not just correct arithmetic. End each analysis with the recommendation the numbers support.
Today
Today's ACC/561 plan
What a Fennie Daily Plan looks like for ACC/561. Yours is built from your own syllabus and adapts every day to your deadlines and progress.
First plan free, no card required. Fennie is independent and unaffiliated with your school.
FAQ
Is ACC/561 hard with no accounting background?
It's one of the tougher MBA courses for non-accountants because it compresses financial and managerial accounting into six weeks. Plan extra time in the first two weeks. Once statement mechanics click, the managerial half is more intuitive.
What does ACC/561 cover?
Both halves of accounting at a survey depth: reading and analyzing financial statements and ratios, then managerial topics such as cost behavior, CVP analysis, budgeting, and using accounting data for decisions.
How do I pass ACC/561?
Do practice problems daily rather than weekly. Accounting is a skill, not reading material. Students who only review solutions can follow them but can't reproduce them, and the assessments require reproducing them.
More UoPX courses
FIN/571: Corporate Finance
FIN/571 is the MBA corporate finance course, covering financial statement analysis, time value of money, valuation, capital budgeting, and capital structure in six weeks. It has a long-standing reputation as the quantitative gatekeeper of the UoPX MBA.
MGT/521: Management
MGT/521 is a core MBA course covering management theory and practice: planning, organizing, leading, and controlling, plus organizational culture, strategy basics, and change management. It's often one of the first courses in the MBA sequence.