ACCT 102 - Managerial Accounting

1. Discuss the difference between financial and managerial accounting and identify the characteristics, process, organization, and the profession of managerial accounting.
2. Define and discuss the concepts, procedures, and characteristics of a manufacturing process with a job order cost system.
3. Distinguish between the process cost system and the job-order cost system and describe and illustrate a process cost accounting system.
4. Describe the nature and objectives of budgeting, including procedures and various reports.
5. Describe and illustrate methods used for evaluation of capital investment proposals, capital rationing and planning, and controlling capital investment expenditures.
6. Describe and explain the nature and types of decentralization.
7. Define and discuss responsibility accounting for investment centers and transfer pricing.
8. Describe and illustrate inventory control, quantitative techniques for estimating costs, and the learning effect in estimating costs.
9. Define and explain the managerial use of expected value concept, variance analysis using expected value, and maximum concepts of decision-making policies.
10. Define and illustrate the usefulness of financial statement analysis, types of analysis, basic analytical procedures, solving analysis, profitability analysis, and selection of analytical procedures.
11. Describe the nature of concepts of working capital, analysis of cash, and cash flow from operations.
12. Identify and illustrate the characteristics of other selected topics.
13. Communicate effectively using correct Standard English, both orally and in writing by completion of papers, projects and/or presentations.

• Fixed costs
• Contribution margin
• Variable costs
• Break-even analysis
• Process cost
• Job order cost
• Variable costing
• Activity based costing
• Net present value
• Time value of money
• Budgets
• Cost-profit-volume analysis
• Cost drivers
• Production costing

 
Course Addendum - Syllabus (Click to expand)