Applied Managerial Accounting

Catalog description

Three hours lecture per week Prerequisite(s): For Business majors: BUS 309 / ECON 309 with grades of C- or better and Junior Standing; for all other majors: ACCT 220 with grade of C- or better and Junior Standing Presents and analyzes the principles, methods, procedures, and applications for managerial accounting. Topics include understanding the business environment, cost concepts and classifications, job-order costing, process costing, cost behavior and relationships to volume and profits, variable costing, activity based costing, profit planning, standard costs, relevant costs, capital budgeting decisions, cash flows, economic value added, and financial statement analysis.