Course

Course Summary
Credit Type:
Course
ACE ID:
SOPH-0079
Organization's ID:
BUSI1011
Organization:
SOPHIA Learning, LLC
Location:
Online
Length:
The course is self-paced, and many learners complete it in 4–8 weeks.
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Managerial Accounting
Description

Objective:

This course is designed as both a stand-alone course that will be necessary to proceed into more advanced managerial accounting topics and as an advanced companion to Sophia Learning's Financial Accounting course. This course utilizes extended and recurring examples to illustrate managerial accounting theory and practice. Students frequently refer to live spreadsheets that show calculations and formulas in action, while interactive prompts cue students to try running calculations for themselves prior to completing assessments. Accounting concepts are differentiated for manufacturing, merchandising, and service companies and real-world case studies are interspersed to provide further context for accounting theory.

Learning Outcomes:

  • Apply cost concepts and financial accounting concepts to managerial accounting.
  • Analyze the use of accounting for quality and cost management.
  • Analyze the use of accounting information in decision-making and budget setting.
  • Compare the use and analysis of the common costing systems.

General Topics:

  • Applying Financial Accounting Concepts to Managerial Accounting
  • Managerial Accounting Careers and Ethics
  • Reporting Production, Materials, Labor, and Overhead costs
  • Job Order Costing and Analysis
  • Process Costing Analysis and Decision Making
  • Activity Based Costing Analysis and Decision Making
  • Variable and Absorption Costing Analysis and Decision Making
  • Horizontal and Vertical Analysis
  • Liquidity, Solvency, and Profitability Ratios
  • Direct and Indirect Methods for Cash Flows
  • Cost Behavior: Fixed, Variable, and Mixed
  • Cost Volume, Break-even, Sales Mix and Target Profit Analysis
  • Master and Product Cost Budgeting
  • Standard Costing and Variances
  • Decision Making with Differential Analysis
  • Theory of Constraints
  • Methods in Capital Budgeting Analysis and Decision Making
  • Responsibility Accounting
  • Segmental and DuPont Analysis
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

70%
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