Course Summary
Credit Type:
ACE Course Number:
Organization Course Number:
Self-paced (180 days)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 3 Principles Of Accounting Ii or Principles Of Managerial Accounting


The course objective is to serve as an introduction to managerial accounting.

Learning Outcomes:

  • Identify and apply fundamental concepts of managerial accounting
  • Recognize how accountants create, organize, interpret, and communicate information that improves internal processes, and allows organizations to identify and leverage opportunities to create value within the supply chain and with customers
  • Apply different costing methods and recognize the influence of setting and decision characteristics on the relevance of costing systems
  • Apply cost-volume-profit analysis to answer various 'what if' questions for decision-making
  • Recognize use of accounting data in the areas of product costing, cost behavior, cost control, and operational and capital budgeting for management decisions
  • Recognize the steps in preparing an operating budget and identify its major components and the interrelationships among its various components
  • Upon completion of the course, the student will be able to recognize how accounting is used to facilitate and align decisions made by owners, managers, and employees
  • Identify problems associated with relying on financial accounting information for internal decision making
  • Organize cost information according to the decision-making needs of the organization
  • Define operation and budgeting, and its role in planning, control and decision making
  • And list methods of performance evaluation

General Course Topics:

  • Managerial accounting: an overview
  • Managerial accounting and cost concepts
  • Job-order costing
  • Process costing
  • Cost-volume profit relationships
  • Variable costing and segment reporting: tools for management
  • Activity-based costing: a tool to aid decision making
  • Master budgeting
  • Flexible budgets and performance analysis
  • Standard costs and variances
  • Performance measurement in decentralized organizations
  • Differential analysis: the key to decision making
  • Capital budgeting decisions
  • Statement of cash flows
  • Financial statement analysis
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training
  • Learner Presentations

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

Supplemental Materials

Other offerings from, LLC