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.
