Course

Credit Type:
Course
ACE ID:
SDCM-0076
Version:
4
Organization's ID:
Accounting 102
Organization:
Study.com, LLC
Location:
Online
Length:
18 hours for 6 weeks
Minimum Passing Score:
70
ACE Credit Recommendation Period:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Managerial Accounting
Description

Objective:

The course objective is to provide a foundational understanding of managerial accounting by guiding students to identify and describe various accounting methods and to use and interpret essential accounting tools, including budgets, cost and profit analyses, the activity-based costing process, financial statements, income statements, and balance sheets.

Learning Outcomes:

  • Explain the role of costs (fixed, variable, direct, indirect) in managerial decision-making.
  • Analyze income statements, balance sheets, and cash flow statements to assess a company’s financial health and performance.
  • Calculate overhead costs using activity-based costing, identifying cost drivers and assigning indirect costs.
  • Evaluate business performance through preparing budgets (including master and flexible budgets) and managing a company's finances
  • Use financial data and managerial accounting tools to make sound decisions regarding pricing, production levels, and resource allocation.
  • Explain the implications of key CVP metrics (breakeven point, contribution margin, target profit) for business operations.
  • Apply process costing and job order costing methods to appropriate business scenarios.

General Topics:

  • Overview of Managerial Accounting
  • Cost Types
  • Cost Behavior Analysis & Cost Volume Profit
  • Job-Order Costing & Process Costing
  • Basics of Activity-Based Costing
  • Budgeting & Standard Costs
  • Reporting Systems & Structures in Accounting
  • Short & Long-Term Decision-Making in Accounting
  • Basics of Financial Statement Analysis
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials

Methods of Assessment:

  • Examinations
  • Other
  • Quizzes
  • Chapter Tests; Final Exam
Supplemental Materials
Equivalencies

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