COURSE DESCRIPTION
This course provides a comprehensive examination of managerial accounting in four major areas: focus on decision making; accounting for planning and control; capital budgeting, and product costing.
COURSE OBJECTIVES
The objective of this course are to provide the student with a comprehensive overview of four different areas of managerial accounting.
COURSE LEARNING OUTCOMES (CLOs)
On completion of this course, students are expected to be able to have a thorough understanding of:
- The measurement of cost behavior, cost management systems, and activity-based costing
- Relevant information for decision making with a focus on pricing decisions and operational decisions
- Management control systems and responsibility accounting including management control in decentralized operations
- Capital budgeting and cost allocation
Course Outline:
- Managerial Accounting, The Business Organization, and Professional Ethics
- Introduction to Cost Behavior and Cost-Volume Relationships
- Measurement of Cost Behavior
- Cost Management Systems and Activity-Based Costing
- Relevant Information for Decision Making with a Focus on Pricing Decisions
- Relevant Information for Decision Making with a Focus on Operational Decisions
- Introduction to Budgets and Preparing the Master Budget
- Flexible Budgets and Variance Analysis
- Management Control Systems and Responsibility Accounting
- Management Control in Decentralized Operations
11.Capital Budgeting
- Cost Allocation
- Accounting for Overhead Costs
- Job-Crossing and Process-Costing Systems
Course Textbook
Managerial Accounting, 5th Edition
Karen W. Braun, Case Western Reserve University
Wendy M. Tietz, Kent State University
Link: https://www.pearson.com/us/higher-education/program/Braun-Managerial-Accounting-Plus-My-Lab-Accounting-with-Pearson-e-Text-Access-Card-Package-5th-Edition/PGM1763804.html
Feedback Given to Participants in Response to Assessed Work
- Individual written feedback on coursework
- Feedback discussed as part of a tutorial
- Individual feedback on request
- Model answers
Developmental Feedback Generated Through Teaching Activities
- Feedback is given at presentations and during tutorial sessions
- Dialogue between participants and staff in tutorials and lectures
GRADING AND SCORING
The course grade will be based on a final project presented by the participant and graded by the instructor. Participants much achieve a passing grade of 70% or more to be awarded a certificate of completion of the course.
