BAC-132: Introduction to Managerial Accounting

Business, Entrepreneurship, and Professional Development
Business & Economics
Academic Level
Course Subject
Business Accounting
Course Number
Course Title
Introduction to Managerial Accounting
Credit Hours
Instructor Contact Hours Per Semester
62.00 (for 15-week classes)
Student Contact Hours Per Semester
62.00 (for 15-week classes)
Grading Method
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
AALC Approval Date
Curriculum Committee Approval Date