Builds an understanding of the role of managerial accounting in a business, focusing on the development and use of information to evaluate production costs and operational performance in support of short- and long-term organizational decision-making.
Course Outcomes
Upon completion of the course students will be able to:
- Explain the role of managerial accounting in an organization with respect to planning and control decisions.
- Apply absorption and variable costing methods to determine product costs.
- Develop and use relevant operational information to determine cost behavior patterns and conduct cost-volume-profit analyses.
- Use commonly accepted tools, including budgets, standard costs, and variance analysis to evaluate operational performance.
- Apply commonly accepted methods to evaluate capital and operational decisions.
Prerequisite Courses