BAC-132: Introduction to Managerial Accounting

School
Business, Entrepreneurship, & Professional Development
Department
Accounting
Academic Level
Undergraduate
Course Subject
Business Accounting
Course Number
132
Course Title
Introduction to Managerial Accounting
Credit Hours
4.00
Instructor Contact Hours Per Semester
62.00 (for 15-week classes)
Student Contact Hours Per Semester
62.00 (for 15-week classes)
Grading Method
A-E
Pre-requisites
BAC-131 with a C grade or better
Catalog Course Description

Builds on content presented in BAC-131. Covers in-depth financial statement analysis as well as managerial accounting. Also examines cost behavior, cost-volume profit analysis, business planning and accounting controls, and how accounting information is used in managerial decision-making.

Goals, Topics, and Objectives

Core Course Topics
  1. Financial Statement Analysis
    • Employ horizontal, vertical, and ratio analysis tools to draw conclusions regarding the liquidity, profitability, and solvency of a given business entity.
  2. Accounting for a Manufacturing Firm
    • Prepare a cost of goods manufactured statement using a job-order cost system.
    • Prepare a cost of goods manufactured statement using a process cost system.
    • Compare and contrast process and job-order costing.
    • Prepare an income statement for a manufacturing firm.
  3. Cost-Volume-Profit Analysis and Budgeting
    • Employ cost-volume-profit analysis to determine the amount of sales (in dollars and units) required for a business enterprise to break even and to attain targeted levels of profit.
    • Prepare a sales, production, labor, and materials purchase budget for a manufacturing firm.
    • Analyze variances to evaluate management performance.

Assessment and Requirements

Assessment of Academic Achievement

Students will be assessed through tests, quizzes, in-class activities,& outside assignments using an online homework management system, and/or class participation.

Approval Dates

Effective Term
Fall 2020
ILT Approval Date
05/03/2019
AALC Approval Date
05/15/2019
Curriculum Committee Approval Date
06/03/2019