Principles of Managerial Accounting

Catalog description

Three lecture. Managerial Accounting offers both theory and practice as it applies to the uses of accounting information and techniques in the realm of the management decision-making process of an organization. The course introduces manufacturing accounting concepts, which include cost concepts, cost behavior analysis, profit planning, budgeting, and capital budgeting decisions. Students will be able to: demonstrate problem solving techniques through accounting problem analysis; interpret the different types of cost accounting systems and their applicability in certain situations; describe and explain the uses for the various types of budgets that may be required by an organization; describe and explain purposes of cost allocation; describe and apply how to measure performance in cost, profit and investment centers. Prerequisite(s): ACC 255 .