Course Description
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 I
Equivalent Courses
Not open to students with credit in ACCT 5100, ACCT 5100H, ACCT 7100
Non-Traditional Format
This course will be taught 95% or more online.
Grading System
A - F (Traditional)
Student learning Outcomes
- Students will learn to prepare and interpret management accounting information for both operational and strategic decision making.
- Students will learn how to determine the costs and profitability of different products, services, and customers.
- Students will learn 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 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 will 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.
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)
