Objective:
The course objective is to analyze topics such as corporate governance and decision making in the field of managerial accounting.
Learning Outcomes:
- appraise the process involved in corporate governance and how it applies to managerial accounting
- break down cost-volume-profit analysis and how it relates to income statements
- analyze how firms decide on a pricing strategy and the different pricing methods
- evaluate the software programs pertinent to managerial accounting, and discover their benefits
- summarize the functions of cost classifications, cost allocation, and job order cost systems
- summarize how companies set standard costs and support why they are advantageous
- apply the different methods, ratios and formulas important in cost accounting analysis
- construct the different types of budgets, analyze why budgeting is important, compare different methods for budgeting and describe capital budgeting.
General Course Topics:
- Corporate governance for managerial accounting
- Financial statements and balance sheets
- Cost classifications
- Manufacturing overhead cost allocation
- Job order cost system
- Process cost system
- Activity-based costing
- Cost-volume-profit analysis
- Decision making in managerial accounting
- Pricing
objectives and methods
- Budgeting
- Budgetary control
- Standard costs
- Capital budgeting
- Statement of
cash flows
- Financial statement analysis
- Software for managerial accounting