Principles of Managerial Accounting

Catalog description

This course will help students understand and utilize financial statement information for decision making. Topics will include determining product costs, cost behavior, how volume effects cost, different approaches to profit reporting, and operational efficiency. Methods of budgeting, standard costing, and variance analysis will be discussed as it relates to product costing and measuring operational performance. Activity-based costing and the "just-in-time" philosophy will also be addressed.