Managerial Accounting
Develop the accounting skills to analyze and manage business costs effectively, particularly cost-volume-profit analysis and cost behavior patterns. Students will develop skills pertaining to job order costing and budgeting and variance analysis for decision making purposes. This course focuses on the importance of internal stakeholder communication in accounting.
Core Topics
- Managerial Accounting Overview
- CVP Analysis
- Job Order Costing
- ABC, Variable and Absorption Costing
- Budgeting
- Standard Costs and Variances
- Short-term Decision Making
- Capital Budgeting Decisions
Learning Outcomes and Career Relevance
- Identify and apply basic cost behavior patterns in business settings
- Calculate and explain cost-volume profit analysis to inform business decision-making
- Use job order costing methods to trace the flow of product costs through inventory accounts
- Prepare and evaluate company budgets and variances for decision-making
