|
Sep 07, 2024
|
|
|
|
BA 213Z Principles of Managerial Accounting Lecture Hours: 4 Credits: 4
Builds an understanding of the role of managerial accounting in a business, focusing on the development and use of information to evaluate production costs and operational performance in support of short- and long-term organizational decision-making.
Prerequisite: BA 211Z with a grade of C or better; or consent of instructor. Student Learning Outcomes:
- Explain the role of managerial accounting in an organization with respect to planning and control decisions
- Apply absorption and variable costing methods to determine product costs.
- Develop and use relevant operational information to determine cost behavior patterns and conduct cost-volume-profit analyses.
- Use commonly accepted tools, including budgets, standard costs, and variance analysis to evaluate operational performance.
- Apply commonly accepted methods to evaluate capital and operational decisions.
Content Outline
- Managerial Accounting and Cost Concept
- Cost Flow and Job Order
- Equivalent Unit and Process Costing
- Activity Based Costing and Overhead Allocation
- Cost Volume Profit and Breakeven Analysis
- Deferential Analysis and Short-Term Business Decisions
- Time Value of Money and Capital Investment Decisions
- Master Budget: Operating budget and Financial Budget
- Variable costing and Segment Reporting
- Flexible Budgets, Standard Costs and Variance Analysis
- Decentralized Operation and Performance Measurement
|
|