Course ID: | ACCT 5100. 3 hours. |
Course Title: | Managerial Accounting I |
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. |
Oasis Title: | Managerial Accounting I |
Duplicate Credit: | Not open to students with credit in ACCT 5100H, ACCT 7100 |
Prerequisite: | ACCT 2102 or ACCT 2102H or ACCT 2102E |
Semester Course Offered: | Offered every year. |
Grading System: | A-F (Traditional) |
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Course Objectives: | 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 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 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. |
Topical Outline: | 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)
6. Budgeting
7. Standard Costing and Variance Analysis
8. Other Topics (e.g., variable costing, other performance measures) |