Course

Credit Type:
Course
ACE ID:
FNDR-0020
Version:
1
Organization:
Founders Institute LLC
Location:
Online
Length:
14 weeks (9 hours per week)
Minimum Passing Score:
70
ACE Credit Recommendation Period:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Principles of Managerial Accounting
Description

Objective:

The course objective is to introduce students to the principles and practices of managerial accounting with a focus on internal decision-making processes. Students will explore how accounting data supports planning, controlling, and evaluating business operations. Topics include job and process costing, cost behavior, cost-volume-profit analysis, activity-based costing, quality and cost management, and responsibility accounting. Emphasis is placed on real-world applications, ethical considerations, and the use of accounting information to support strategic decision-making. Students will engage in written analyses, multimedia projects, and discussion forums to build communication and critical thinking skills within the accounting discipline.

Learning Outcomes:

  • Differentiate between financial and managerial accounting, including their goals, users, and reporting requirements
  • Apply key concepts of managerial accounting, including job order costing, process costing, and overhead allocation, to practical business scenarios
  • Construct and evaluate cost accumulation models and cost behavior patterns for both merchandisers and manufacturers
  • Analyze financial and managerial data using cost-volume-profit analysis to support internal decision-making
  • Evaluate the application of Just-in-Time (JIT), Activity-Based Costing (ABC), and quality management tools in improving operational efficiency and customer satisfaction
  • Interpret and apply responsibility accounting principles, including segmental reporting and controllable vs. uncontrollable costs
  • Demonstrate understanding of ethical issues in managerial accounting and the importance of transparency and accountability in reporting
  • Develop effective written and multimedia communication that integrates accounting data, critical reasoning, and real-world applications
  • Engage in discussions that reflect an understanding of course topics, demonstrate respect for diverse viewpoints, and integrate evidence-based reasoning
  • Use scholarly sources and APA-style citations to support written analyses of managerial accounting topics

General Topics:

  • Managerial vs. Financial Accounting
  • Accounting for Merchandising and Manufacturing Operations
  • Cost Accumulation and Job/Process Costing
  • Overhead Allocation and Spoilage
  • Activity-Based Costing (ABC)
  • Just-in-Time (JIT) and Inventory Management
  • Quality and Cost Management
  • Cost-Volume-Profit (CVP) Analysis
  • Responsibility Accounting and Segmental Reporting
  • Ethical Considerations in Managerial Accounting
  • Managerial Accounting for Business Decision-Making
  • Career Preparation and Communication Skills in Accounting
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Discussion
  • Project-based Instruction

Methods of Assessment:

  • Examinations
  • Presentations
  • Quizzes
  • Written Papers
Supplemental Materials
Equivalencies

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