ACCT 234 Managerial Accounting • 5 Cr.

Description

Explores the use of managerial accounting techniques and analytical tools in business decision-making. Students focus on short- and long-range financial planning, management planning, and control. Prerequisite: ACCT 102 with a C or better, or entry code.

Outcomes

After completing this class, students should be able to:

• Explain the types and flow of manufacturing and non-manufacturing costs.
• Determine and apply overhead costs in job-order, activity based, and process costing systems.
• Distinguish the overhead application in variable and absorption costing systems.
• Calculate targeted profit levels and perform a cost-volume-profit analysis.
• Prepare and use master and flexible budgets, and analyze variances to evaluate performance.
• Calculate return on investment and construct a balanced scorecard.
• Evaluate investments and projects by calculating and using the net present value, internal rate of return and payback methods.
• Discuss the use and application of ethics in managerial accounting.

Offered

• Fall 2020 (current quarter)
• Summer 2020
• Spring 2020