Managerial Accounting
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This course emphasizes the use of accounting information for internal planning and control purposes, and is intended as an introduction for individuals who will make business decisions and evaluate the performance of managers and business units using data obtained from the accounting system. The course will also cover the vocabulary and mechanics of cost accounting, basic issues involved in the design of a managerial accounting system, and the role of management accounting in decisions concerning resource allocation and performance evaluation.
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Further Details
Course Outcome
After completing Managerial Accounting students, will be equipped with a basic understanding of the following:
Designing managerial information systems to support an organization’s strategy
The limitations of traditional costing systems
Budgeting and cash planning
Activity-based costing and activity-based management
Revenue-cost behavior and cost-volume-profit analysis
Relevant costs and relevant revenues in business decisions
Performance evaluation
Management control and control systems.
Recommended Prerequisites
This course is an intended for business, engineering, or IT professionals who seek a fundamental understanding of managerial accounting, and how to better make real-time business decisions. A general understanding of mathematics is required.
Assessment
Students will be assigned 5 homework assignments, and 5 exams.
Syllabus
Managerial Accounting and the Business Environment
Cost Terms, Concepts, and Classifications
Job Order Costing
Process Costing
Activity Based Costing
Cost-Volume-Profit Relationships
Absorption & Variable Costing
Profit Planning
Flexible Budgets and Overhead Analysis
Use of Managerial Accounting for Decision Making
Course Delivery
This course is Instructor-led and delivered through our award-winning online Learning Management System. See our FAQ for more details.
Education Credit
This course has 20 contact hours and can be used for 2 Continuing Education Units (CEUs).
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