Introduction to Managerial Accounting

Catalog description

This course is a continuation of ACCTG 201 (Introduction to Financial Accounting) with an in-depth analysis and explanation of the statement of cash flows and how understanding cash flows is important for all users (internal versus external). Then, the course emphasizes the use of accounting information for internal purposes (managerial accounting). The course teaches the vocabulary and method of accumulating and allocating costs in a manufacturing company as well as the understanding of budgets and how they can be used to motivate personnel. Among the topics covered are cost behavior, cost-volume analysis, relevant costs, variance analysis, and the use of cost information for decision making (i.e. capital investment, product pricing, etc.). Current issues, careers, and topics for managerial accounting will also be addressed. Students who pass ACCTG 211 may not schedule ACCTG 202 .