Course

Course Summary
Credit Type:
Course
ACE ID:
SAYA-0009
Organization's ID:
BUS105
Organization:
Location:
Online
Length:
Self-paced (101 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Principles Of Managerial Accounting or Introduction to 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:

  • Describe, record and, analyze transactions of a manufacturing business
  • Explain how managerial accounting information facilitates planning, controlling, and decision-making activities
  • Interpret time value of money calculations to make capital budgeting decisions
  • Describe why managerial accounting requires a cross-functional team
  • Compare and contrast financial accounting and managerial accounting in terms of audience, reporting, time frame, and use of information
  • Calculate cost information and use it to support operating and strategic decisions regarding products, customers, and long-term assets

General Topics:

  • Cost measurement and estimation including the difference between financial accounting and financial accounting, the difference between merchandisers and manufacturers, management accounting personnel, accounting ethics
  • Cost management including job costing, activity-based costing, and process costing
  • Short-term decision making including cost behavior patterns, cost estimation methods, contribution margin income statement, relevant range and nonlinear costs
  • Cost-volume-profit analysis including methods, sensitivity analysis, cost structure and CVP analysis
  • Differential analysis including decision making and differential analysis, cost-plus pricing, target costing, and qualitative factors
  • Budgeting including budgeting process, master budgets, budgeting in non-manufacturing organizations, and ethical issues in budgeting
  • Variance analysis including flexible budgets, standard costs, direct materials variance analysis, direct labor variance analysis, variable manufacturing overhead variance analysis, fixed manufacturing overhead variance analysis, and determining which cost variances to investigate
  • Capital budgeting including net present value, time value of money, the internal rate of return, the payback method, capital budgeting, and decision making
  • Performance evaluation including control operations, decentralized organizations, responsibility centers, and investment centers
  • Cash flow preparation and use including purpose, types, and preparation of cash flows statements, and cash flow analysis
  • Using managerial accounting information including horizontal analysis, vertical analysis, and ratio analysis
Instruction & Assessment

Instructional Strategies:

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

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials