Managerial Accounting

Catalog description

Students in this course study the theory and application of managerial accounting by differentiating product costs as determined through job order versus process costing systems, evaluating managerial decisions using activity-based costing, developing optimal sources using a variety of incremental costing and cost-volume-profit tools, and creating operating budgets that support organizational goals. Students will evaluate managerial accounting through the use of standard costing and variance analysis and will integrate biblical principles into accounting processes and reports. Application and implementation of course theories and concepts in an organizational setting will be addressed through embedded, experiential learning experiences and activities within the course.