Principles Of Accounting II (Managerial Accounting)Back to Course Guide
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The Principles of Managerial Accounting course is a continuation of ACC2111. The course presents an overview of basic managerial accounting concepts. Students are introduced to coat behavior, basic data analytics, CVP analysis, costing options, budgeting techniques, and Time Value of Money.
UPON COMPLETION OF THE COURSE, THE STUDENT WILL BE COMPETENT IN:
- Explaining differences between financial and managerial accounting.
- Describing accounting concepts used in classifying costs.
- Evaluating job costing and process costing differences.
- Applying costing techniques to service and manufacturing companies.
- Applying activity-based costing.
- Describing overhead and techniques for allocation.
- Describing different types of cost behavior in relation to production and sales volume.
- Applying cost-volume-profit analysis.
- Explaining differences between variable and absorption costing.
- Preparing the operating budgets of a master budget for a manufacturing company.
- Preparing a flexible budget and interpreting a flexible budget performance report.
- Analyzing investment centers utilizing return n investment, residual income, profit margin, and investment turnover.
- Explaining benefits of a balanced scorecard.
- Describing the use of relevant costs and benefits for short-term decisions.
- Analyzing a capital investment using payback method, net present value, accounting rate of return, and internal rate of return.