Course

Course Summary

Credit Type:

Course

ACE ID:

OOSL-0033

Organization's ID:

ACC150

Organization:

StraighterLine

Location:

Online

Length:

75 hours (14 weeks)

Dates Offered:

Credit Recommendation & Competencies

Level	Credits (SH)	Subject
Upper-Division Baccalaureate	3	Managerial Accounting

Description

Objective:

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