2013-2014 Official General Catalog [Archived Catalog]
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BUS 210 - Managerial Accounting
Accounting for managerial analysis and decision making, providing an analysis of accounting data useful in the planning and control functions of a firm. Study of cost concepts, break-even, cost estimation, differential accounting, responsibility accounting, capital budgeting.
Prerequisite- Corequisite
Prerequisite: BUS 100 Accounting I or BUS 111 Financial Accounting
Credits: 4
Hours
4 Class Hours
Course Profile
Learning Outcomes of the Course:
Upon successful completion of this course the student will be able to:
1. Explain the major concepts of Managerial Accounting and be able to state the differences between managerial and financial accounting.
2. Understand each of the following concepts, do calculations required to process the information associated with each topic, and discuss how to utilize the results of that analysis to make effective business decisions:
a. Cost behavior patterns and their relationship to costs, volume, and profits.
b. Differential Accounting for short term non-programmed decisions.
c. Financial analysis and analysis of profitability.
d. Budgeting, including individual budgets and the master budget.
e. Capital expenditure decisions.
f. Pricing products and services.
3. Demonstrate critical thinking skills in performing the calculations, analyzing the results, and making interpretations based upon those results.
4. Demonstrate mathematical skills specific to business applications by using algebra, percents, ratios, special functions, and statistical procedures to analyze the information included in the topics listed above.
5. Demonstrate their ability to use calculators and/or computer spread sheets to solve managerial accounting problems.
6. Demonstrate an understanding of managerial accounting activities from a global perspective including special problems related to differences in currency, culture, legal, and government.
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