Managerial Accounting (4 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Describe the role of management accountants in an organization; Compute cost classifications, cost behavior, and cost volume profit relationship; Compute variable costing, Activity-Based Costing, master budget, and flexible budgets; Prepare the balance Scorecard, pricing products, transfer pricing, and profitability analysis; Appraise strategic business through planning and decision support.

Topics:

1. Managerial Accounting and the Business Environment;
2. Cost Concepts;
3. Cost-Behavior: Analysis and Use;
4. Cost-Volume-Profit Relationships;
5. Absorption Costing and Variable Costing;
6. Activity-Based Costing: A Tool to Aid Decision Making;
7. Master Budgeting;
8. Flexible Budgets and Performance Analysis;
9. Differential Analysis: The Key to Decision Making;
10. The Balance Scorecard;
11. Transfer Pricing;
12. Pricing Products and Services;
13. Profitability Analysis.