ACCT2229

This course introduces students to the concepts and applications of managerial accounting. Managerial accounting is the process of producing financial and operating information for managers and other internal users to assist in making sound business decisions in managing the firm. The process is driven by the informational needs of management with an emphasis on cost systems, pricing decisions, budgeting, planning and controlling. This course will build students understanding in planning operations, controlling activities, and decision making using a wide variety of practical applications.Student Learning Outcomes

• Distinguish between managerial and financial accounting.
• Explain the use of a standard manufacturing cost system for planning and control purposes.
• Apply activity based costing methods.
• Analyze budgets using variance analysis.
• Compare the concepts of absorption costing and direct costing.
• Describe fixed, variable, and mixed cost behavior.
• Analyze accounting data using cost-volume-profit (CVP) analysis and CVP graphing.
• Interpret the uses of break-even point (BEP) and changes in BEP.
• Interpret differential analysis reports to meet various financial objectives.
• Analyze capital investment decisions.
• Prepare a statement of cash flows.
• Differentiate between cost, profit, and investment centers.
• Calculate return-on-investment including potential residual income.