Course DescriptionA comprehensive coverage of cost accounting systems, including the flow of costs, job order and process costing, activity-based costing, cost allocations, and variable product costing. Students will learn the use of differential costs for decision making, including cost estimation, cost volume-profit analysis, differential costing for short- and long-term decisions, and capital investment analysis. The use of cost data for performance evaluation and control is also covered.
Upon the successful completion of this course students will be able to:
- Describe the objectives and functions of cost/managerial accounting
- Discuss the concepts and methodologies of managerial accounting and their application in business decision making
- Apply managerial accounting concepts and methodologies to understand a firm's success in the past and project future performance
- Demonstrate analytical skills and judgment
- Apply managerial skills