Course

Course Summary
Credit Type:
Course
ACE ID:
SAYA-0009
Organization's ID:
BUS105
Organization:
Saylor Academy
Location:
Online
Length:
53 hours, self-paced
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 managerial accounting
Description

Objective:

The course objective is to examine the effects of cost, price, and profit on management decision-making, with particular attention to the tools and methods managers use to make the best-informed decisions.

Learning Outcomes:

  • compare and contrast financial accounting and managerial accounting in terms of audience, reporting, time frame, and use of information
  • describe, record, and analyze transactions of a manufacturing business
  • calculate cost information and use it to support operating and strategic decisions regarding products, customers, and long-term assets
  • explain how managerial accounting information facilitates planning, controlling, and decision-making activities
  • describe why managerial accounting requires a cross-functional team

General Topics:

  • Managerial accounting
  • Job costing
  • Process costing
  • Cost behavior patterns
  • Cost-volume-profit analysis
  • Using differential analysis to make decisions
  • Budgets
  • Variance analysis
  • Performance evaluation
  • Statement of cash flows
  • Using managerial accounting: trends and ratios
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

70%
Supplemental Materials