ACCT 640 - Managerial Accounting

3 Credits
Most of the information required to plan and control business operations, and the data required to create and sustain a competitive advantage, come from the accounting system and the reports that are generated. This course analyzes the management structure and process in which this information is generated, the construction and application of managerial accounting data, cost behavior and cost assignment. Students will also examine product cost within activity based costing, job order costing, and process costing. Controlling cost through the use of standard cost system and budgeting are explored. In addition, this course covers business decision-making using relevant information from activity costing, variable/fixed analysis, cost-volume-profit analysis, quality costing, and productivity analysis. Students will analyze and evaluate managerial accounting functions and decision cases in light of managing a business, making financing decisions, and generating growth and income within the business firm.

Grade Note(s): A grade of C or better is required on the final assessment in order to earn a passing grade in this course.
Course Learning Outcomes:
1. Compare functional-based and activity-based management accounting systems, including an assessment of appropriate use in arriving at outcomes that maximize shareholder value.
2. Analyze how an activity-based job order and process costing system work, including the types of firms that would use each method, the cost flows, and information sources.
3. Examine the use of standard costing systems and variance analysis as a management tool.
4. Analyze the use of specific management accounting principles such as budgeting, cost-volume-profit relationships, performance evaluation, segmented reporting, and management decision making.
5. Assess the background, role, and direction of managerial accounting information as it relates to managerial decision-making.
6. Evaluate management accounting concepts, including cost assignment procedures and cost behavior.