Course

Course Summary
Credit Type:
Course
ACE ID:
ACPE-0117
Organization's ID:
ACC230
Organization:
Alternative Credit Project Ecosystem
Location:
Online
Length:
This is a self-paced online course that is completed over 135 hours
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Introduction to Accounting or Introduction to Managerial Accounting
Description

Objective:

The course objective is to define managerial accounting, cost concepts and the basics of cost/volume/profit relationships; recognize the basics of attaching products to services, process costing and activity based costing; recall how to budget efficiently and measure performance by analyzing standard costs; identify joint allocation principles and effective decision making skills for accounting managers; and differentiate between various investment, transactions and performance measurements.

Learning Outcomes:

  • Identify the dual roles of accounting information
  • Identify the interacting elements of cost-volume-profit analysis
  • Recall the basic design of graphical analysis
  • Recall the steps in creating a master budget
  • Identify the impact of contemporary manufacturing approaches
  • Define process costing
  • Define global competiveness
  • Recall the basic principles in creating a master budget
  • Define profit analysis
  • Identify the pieces to use when creating standards
  • Define the decision-making process
  • Define differential analysis
  • Identify capital investment decisions which attract managers' interest for good reason
  • Identify four categories of costs of quality
  • Identify the cost categories commonly identified
  • Define financial accounting
  • Recognize the primary ethical responsibilities of the management accountant
  • Identify the significance of cost behavior to decision making and control
  • Differentiate among job, process, modified, and hybrid cost systems
  • Define the weighted average cost methods
  • Recall the issues influencing cost management systems design
  • Identify the major human behavior factors that affect budgets and the budgeting process
  • Differentiate between the characteristics of variable and absorption costing
  • Recall the considerations managers use in make or buy decisions
  • Identify the types of responsibility centers
  • Recall the advantages of decentralization

General Topics:

  • Managerial accounting and cost concepts
  • Cost estimation and cost-volume-profit relationships
  • Product costing
  • Attaching costs to products and services
  • Process costing
  • Activity-based costing and just-in-time costing
  • Budgeting for operations management
  • Cost control through standard costs
  • Joint cost allocation and variable costing
  • Managerial decisions
  • Analysis of relevant information
  • Capital investment decisions
  • Analysis of decentralized operations
  • Cost of quality and other cost management issues
Instruction & Assessment

Instructional Strategies:

  • Computer Based Training

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials