Managerial Accounting | 3 Credits

Students examine cost accounting concepts and methods used to measure, assign, and manage organizational costs. Topics include cost classification, overhead allocation, job-order costing, process costing, variable costing, absorption costing, and activity-based costing.
Students apply costing techniques to business transactions and evaluate how alternative methods affect inventory valuation, pricing, profitability, and management decisions.

Prerequisites

• BAEF 201x Financial Accounting: Ethics and Internal Controls

This course focuses on planning, budgeting, and performance evaluation through managerial accounting. Students prepare operating and financial budgets, develop flexible budgets, and calculate activity, revenue, and spending variances.
Students interpret budget differences, evaluate operational performance, and recommend improvements using financial and nonfinancial measures, including capital budgeting and balanced-scorecard concepts.

Prerequisites

• BAEF 210x Cost Accounting Fundamentals and Applications

Students use relevant cost and revenue information to support short-term managerial decisions. Topics include cost-volume-profit relationships, contribution margin, break-even analysis, target profit, and margin of safety.

Students evaluate changes in price, cost, and sales volume and apply quantitative analysis to make-or-buy, special-order, and other operating decisions.

Prerequisites

• BAEF 210x Cost Accounting Fundamentals and Applications