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.
Athena Title
Managerial Accounting I
Equivalent Courses
Not open to students with credit in ACCT 5100H, ACCT 7100, ACCT 7530E
Prerequisite
ACCT 2102 or ACCT 2102H or ACCT 2102E
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Student Learning Outcomes
Students will understand how to prepare and interpret management accounting information for both operational and strategic decision making. Specifically, students understand how to determine the costs and profitability of different products, services, and customers.
Students will understand how to use that cost information along with other cost and revenue data to prepare cost-volume profit analyses, 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 will understand 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 will understand how 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.
Topical Outline
Job Costing
Activity-Based Costing
Process Costing
Cost-Volume-Profit Analysis
Relevant Costs and Business Decisions (e.g., pricing, special orders, product mix, outsourcing)
Budgeting
Standard Costing and Variance Analysis
Other Topics (e.g., variable costing, other performance measures)
