Course Course Summary Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: SAYA-0009 Organization's ID: BUS105 Organization: Saylor Academy Location: Online Length: Self-paced (101 hours) Dates Offered: 2/1/2024 - 1/31/2027 1/1/2021 - 1/31/2024 12/1/2016 - 11/30/2019 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Lower-Division Baccalaureate 3 Principles Of Managerial Accounting or Introduction to Managerial Accounting Description Section 3 Content Section 3 Content Left Section 3 Content Right 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 Section 4 Content Section 4 Content Left Section 4 Content Right Instructional Strategies: Audio Visual Materials Case Studies Computer Based Training Lectures Practical Exercises Methods of Assessment: Examinations Minimum Passing Score: 70% Supplemental Materials Section 5 Content Section 5 Content Left Section 5 Content Right Section 6 Content Section 6 Content Left Section 6 Content Right Button Content Rail Content 1 Other offerings from Saylor Academy ARTH101: Art Appreciation (SAYA-0036) BIO101: Introduction to Molecular and Cellular Biology (SAYA-0019) BUS101: Introduction to Business (SAYA-0020) BUS103: Introduction to Financial Accounting (SAYA-0021) BUS105: Managerial Accounting (SAYA-0009) BUS200: Business Ethics (SAYA-0047) BUS202: Principles of Finance (SAYA-0022) BUS203: Principles of Marketing (SAYA-0023) BUS204: Business Statistics (SAYA-0037) BUS205: Business Law (SAYA-0024) View All Courses Page Content