ACCT21: MANAGERIAL ACCT
This course will study how managers use accounting information for decision making, planning, directing and controlling. Topics will include managerial control methods, cost terms, cost concepts, cost behaviors, cost accounting, cost-volume-profit analysis, variable costing, budgeting, decision making concepts and other related topics. This course has the option of a letter grade or pass/no pass. (C-ID: ACCT 120) PREREQUISITE: ACCT 20, Financial Accounting. ADVISORY: Intermediate Algebra (Math 233 or Math 240), English College Reading (English 260), English Practical Writing (English 250), and basic computerized spreadsheet knowledge.
- Recognize, define, explain and demonstrate the methods and theories used in Managerial Accounting as it relates to the traditional and absorption Costing, Activity Based Costing(ABBC), and variable costing of Products and Services.
- Recognize, define, explain and demonstrate the methods and theories used in Managerial Accounting to predict and manage costs using variable costing and behavioral costing.
- Recognize, define, explain and demonstrate the methods and theories used in Managerial Accounting for short and long term budgeting used to control and manage an organization.
- Recognize, define, explain, and demonstrate the methods and theories used to make management decisions using relevant information, including cost volume profit analysis (CVP), segment reporting activity, budgeting, and capital investment analysis.
- Identify the ethical implications inherent in managerial accounting and reporting and be able to apply strategies for addressing them.