Principles of Managerial Accounting

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Principles of Managerial Accounting

Description

Learner Outcomes:

Upon successful completion of this course, students will be able to: describe the role of the managerial accountant within an organization; categorize costs according to behavior and function and describe and calculate different costing methods; prepare financial budgets; apply managerial accounting techniques for decision-making; compute the time value of money; distinguish the nature of management accounting with financial accounting and its impact on global business; explain the cost, profit, and volume analysis and responsibility accounting; prepare operational and capital budgets; explain the standard cost systems and the variance analysis.


Credit recommendation:

In the upper division baccalaureate degree category, 3 semester hours in Accounting, Business, Economics, Finance, Human Resource Management, Management, or Marketing

 

Course Description:

This course focuses on the fundamentals of managerial accounting. Emphasis is on accounting for a manufacturing concern, budgeting, planning, management decision making, and analysis of financial reports. Topics also include cost behavior and control, product cost accumulation and pricing, and responsibility accounting.

 

Learner Outcomes:

On completion of the course, students will have the ability to:

  • Describe the role of the managerial accountant within an organization
  • Categorize costs according to behavior and function and describe and calculate different costing methods.
  • Prepare financial budgets.
  • Apply managerial accounting techniques for decision-making.
  • Compute the time value of money
  • Distinguish the nature of management accounting with financial accounting and its impact on global business
  • Explain the cost, profit, and volume analysis and responsibility accounting.
  • Prepare operational and capital budgets.
  • Explain the standard cost systems and the variance analysis.

 

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