Description
This course is an introduction to the fundamental concepts of managerial accounting appropriate for all organizations. Students will study information from the entity's accounting system relevant to decisions made by internal managers, as distinguished from information relevant to users who are external to the company. The emphasis is on the identification and assignment of product costs, operational budgeting and planning, cost control, and management decision making. Topics include product costing methodologies, cost behavior, operational and capital budgeting, and performance evaluation.
48 lecture hours.
At the conclusion of the course a student will be able to: Upon successful completion of this course, students will: Identify the role and scope of financial and managerial accounting and the use of accounting information in the decision making process of managers; define operational and capital budgeting, and explain its role in planning, control, and decision making; prepare