ACCT110C: Managerial Accounting

Category
Credits 3 Lab/Practicum/Clinical Hours 0 Lecture Hours 3
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A study of the analysis, reporting, and use of accounting data as a management tool for planning, control, and decision-making. Specific areas of study include break-even analysis, financial statement analysis, cost classification and allocation, standard costing and variance analysis, and budgeting. 

Prerequisites

Students are required to pass prerequisite courses with a grade of C or higher. Exceptions apply; please consult your department chair.
Learning Outcomes
  • Define managerial accounting and understand how it is used in service and merchandising companies.
  • Calculate job costs, cost of goods manufactured, and cost of goods sold for multiple company types and prepare production cost reports.
  • Compute operating income using variable and absorption costing methods.
  • Prepare financial and operating budgets for a merchandising company.
  • Compute the payback, accounting rate of return, NPV, profitability index, and IRR capital-budgeting methods, and assess the viability and benefits of various capital-budgeting projects.
  • Accurately use discounted cash flow methods to make capital investment decisions.