ACCT1030 — Managerial Accounting
Academic Division: Business, Industry and Technology Academic Discipline: Accounting Assistant Dean: Brooke Miller, M.B.A. 4 Credit(s) This course provides information for assisting the management of a business entity in making decisions and for evaluating the effectiveness of those decisions by developing a student’s understanding of managerial accounting principles. (TAG# OBU011) Undergraduate OBU011 4 Lecture Hour(s); Required Daily Homework- First half of the term Exam – First half of the term Apply the three classes of manufacturing costs and differentiate between product and period costs. Daily Homework- First half of the term Exam– First half of the term Calculate cost of goods manufactured. Daily Homework- First half of the term Exam – First half of the term Explain the characteristics and purposes of cost accounting; demonstrate the flow of costs in job order and process cost accounting systems. Daily Homework- First half of the term Exam – First half of the term Differentiate between traditional costing and activity-based costing (ABC). Daily Homework- Middle of the term Exam – Middle of the term Demonstrate an understanding of cost behavior and differentiate between variable and fixed costs. Daily Homework- Middle of the term Exam – Middle of the term List the five components of cost-volume-profit analysis and demonstrate the use of this technique. Daily Homework- Middle of the term Exam – Middle of the term Discuss the components of and the benefits of budgeting.
Prerequisites: ACCT1010