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