School
Business, Entrepreneurship, and Professional Development
Division
Business & Economics
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
- Financial Statement Analysis
- Employ horizontal, vertical, and ratio analysis tools to draw conclusions regarding the liquidity, profitability, and solvency of a given business entity.
- 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.
- 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.
Effective Term
Fall 2020