Course Summary
Credit Type:
Organization's ID:
75 hours (14 weeks)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 3 Managerial Accounting


Upon the successful completion of this course, students will be able to identify, gather, and interpret information for planning, controlling, and evaluating the performance of a business. This course studies the measurement of the costs of producing goods or services and how to analyze and control these costs. This course analyzes managerial accounting principles and systems through both process and job order costing. Additional managerial accounting topics include the following: cost behavior, cost-volume-profit analysis, budgeting and standard cost systems, decentralized operations, and product pricing.

Learning Outcomes:

  • Compare and contrast managerial and financial accounting
  • Define cost and distinguish between product and period costs
  • Describe job-order costing, process costing, traditional volume-based costing and activity-based costing systems
  • Interpret cost behaviors
  • Describe capital budgeting, budgeting framework, performance standards and responsibility accounting

General Topics:

  • Introduction and Getting Started
  • Topic 1: Managerial Accounting and the Business Environment
  • Topic 2: Concepts of Cost Management: Accounting for Custom Operations
  • Topic 3: Product Costing and Cost Accumulation in the Production Environment
  • Topic 4: Product and Hybrid Product Costing Systems
  • Topic 5: Activity Based Costing and Management
  • Topic 6: Analysis of Activity, Cost Behavior and Cost Estimation
  • Topic 7: Cost–Volume–Profit (CVP) Analysis
  • Topic 8: Absorption and Variable Costing
  • Topic 9: Profit Planning and Activity-Based Budgeting
  • Topic 10: Operational Performance Measures: Standard Costing and Balanced Scorecard
  • Topic 11: Flexible Budgeting: Managing Overhead and Support Activity Costs
  • Topic 12: Responsibility Accounting: Quality and Environmental Cost Control
  • Topic 13: Investment Centers and Transfer Pricing
  • Topic 14: Allocation of Support and Joint Costs
  • Topic 15: Decision Making: Relevant Costs and Benefits
  • Topic 16: Review and Final Exam
Instruction & Assessment

Instructional Strategies:

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

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

Supplemental Materials

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