|Course ID:||ACCT 5100H. 3 hours. |
|Course Title:||Managerial Accounting I (Honors)|
|The design of accounting systems to serve the internal needs of
management with an emphasis on underlying theory. Product
costing, including activity-based costing; budgeting and other
planning applications, information for decision making, planning
and control application for decentralized organizations.|
|Oasis Title:||Managerial Accounting I Hon|
|Duplicate Credit:||Not open to students with credit in ACCT 5100, ACCT 7100|
|Nontraditional Format:||Additional Requirements for Honors Credit: Because the J.M.
Tull School of Accounting devotes only one three-hour course to
management accounting, it is not possible to cover in our
regular class all of the management accounting topics that may
appear on the CPA exam. Students who plan to sit for the CPA
exam will benefit from studying four additional management
accounting topics that are likely to appear on the CPA exam.
Additional topics tested on exam I are economic order quantity,
joint products, and spoilage. An additional topic tested on
exam II is overhead variances.|
|Prerequisite:||(ACCT 2102 or ACCT 2102H or ACCT 2102E) and permission of Honors|
|Offered fall and spring semester every year. |
|Grading System:||A-F (Traditional)|
Students learn to prepare and interpret management accounting
information for both operational and strategic decision making.
Specifically, students learn how to determine the costs and
profitability of different products, services, and customers.
Students learn how to use that cost information along with
other cost and revenue data to prepare cost-volume profit
analysis, and to make informed strategic and operational
business decisions, such as identifying relevant revenues
and costs for special short-term decisions, such as accepting
or rejecting one-time only special orders. Students learn how
to use cost information to plan business operations, and to
measure performance of different responsibility centers and
their managers using techniques such as variance analysis.
Students learn to anticipate how management accounting
information affects employees' incentives and behavior, and how
to decide when and where a particular management accounting
tool is likely to be useful.
1. Job Costing
2. Activity-Based Costing
3. Process Costing
4. Cost-Volume-Profit Analysis
5. Relevant Costs and Business Decisions (e.g., pricing,
special orders, product mix, outsourcing)
7. Standard Costing and Variance Analysis
8. Other Topics (e.g., variable costing, other performance