DO NOT DELETE THIS SECTION
Managerial Accounting
ACC150 | 3 Credits
Managerial Accounting focuses on identifying and interpreting information for the planning and evaluation of a business' financial performance. You’ll also cover how to measure the costs of goods or services and analyze business expenses.
Professor:
About Managerial Accounting
What You’ll Learn
The Managerial Accounting online course focuses on the identification, gathering, and interpretation of information for planning, controlling, and evaluating the performance of a business.
- Compare and contrast managerial accounting and financial accounting, and assess how managerial accounting affects various management functions.
- Discuss ethical standards in an organization and assess their role in the field of managerial accounting.
- Define cost and distinguish between product costs and period costs.
- Analyze the fundamental manufacturing cost categories and diagram the flow of product costs in a manufacturing operation.
- Describe the job-order costing system and evaluate its suitability in manufacturing and non-manufacturing firms.
- Describe process costing and evaluate the suitability of process costing in manufacturing and non-manufacturing firms.
- Compare and contrast the traditional volume-based costing system and the activity-based costing system.
- Interpret cost behavior patterns to estimate costs and assess the need for a contribution approach to income statements.
- Graph CVP relationships and compute the break-even point using the contribution-margin and equation approach.
- Determine the criteria that decide the relevance of a cost or a benefit, and explain the concepts of sunk costs, opportunity costs, and unit costs.
- Describe the key decision areas in capital budgeting and explain the concept of time value of money.
- Describe the elements of a budgeting framework and assess the need for a budgeting framework in an organization.
- Describe the various ways to set performance standards and assess the role of performance standards in cost management.
- Explain the role of responsibility accounting in achieving set goals and list the responsibility centers.
- Determine the criteria that are used in determining and making pricing decisions.
StraighterLine Courses Include:
-
Self-paced workload
-
Digital Textbooks
-
Transcript Delivery
-
Grade Improvement Opportunities
-
Interactive Modules
-
Video Lessons
-
24/7 Tutoring & Support
-
Access on Desktop and Mobile
Transfer Credit in 3 Easy Steps
Pick Your Course & Enroll
Getting started is simple — no applications, waitlists, or deadlines. Just create an account, choose your course, and start learning right away.
Every course is self-paced and fully online, so you can fit learning into your life — not the other way around. With support resources included and no hidden fees, you're in control from day one.
Go at Your Own Pace
No rigid schedules, no stress. Just real online college courses you can start anytime, anywhere, and finish on your own terms.
StraighterLine courses offer interactive lessons and assignments that help you understand and retain the material, and come with everything you need to stay on track and succeed — including digital textbooks, tutoring, and real people to support you on your journey to your degree.
Transfer Your Credits, Save Thousands on Tuition
Complete your course with a 70% or higher to make your credits eligible for transfer. Then head to your Student Dashboard, select “Request Transcript,” and tell us where to send it — we’ll take it from there at no additional cost.
Not sure whether your school accepts StraighterLine courses? Our Enrollment Specialists can find out for you!
Does My School Accept This Course?
We’ll find out for you. Students have successfully transferred StraighterLine course credits to 3,000+ schools. Our Enrollment Specialists will contact your college directly to confirm your credits will transfer, so you don’t have to.
WANT US TO CHECK?Course Details
You’ll study concepts like how to measure the costs of producing goods or services and how to analyze and control these costs. Our Managerial Accounting course also analyzes managerial accounting principles and systems through process and job order costing.
ACE-Recommended
ACE Code:
OOSL-0033
Flexible Schedule
25-day Average Course Completion
Humanities Courses Have Transferred Over 24,900 Times
$800,000 Saved on Tuition
Prerequisites
There are no prerequisites for this course, although it is suggested that students complete Accounting I and II (ACC101 and ACC102) prior to enrolling in this course.
Course Text
The required eTextbook for this course is included with your course purchase at no additional cost.
- Wild, John J., and Ken W. Shaw. Managerial Accounting. 8th ed., McGraw Hill Education, 2022.
Course Checkpoints
Managerial Accounting and the Business Environment
- What Is Managerial Accounting?
- Managerial Accountants in an Organization
- Ethics in Managerial Accounting
- Changing Role of Managerial Accounting
Concepts of Cost Management Accounting for Custom Operations
- Cost Concepts: An Overview
- General Cost Classifications
- Cost Classifications on Financial Statements
- Cost Classifications for Different Purposes
Product Costing and Cost Accumulation in the Production Environment
- Product and Service Costing
- Flow of Costs in Manufacturing Firms
- Types of Product-Costing Systems
- Job-Order Cost Accumulation
- Overhead Application
- Extended Illustration of Job-Order Costing: Calculations and Journal Entries
- Financial Schedules
- Further Aspects of Overhead Application
Product and Hybrid Product Costing Systems
- Comparison of Job-Order Costing and Process Costing
- Purpose of product-costing systems
- Differences in manufacturing environments
- Differences in cost accumulation
- Similarities in cost flows
- Equivalent Units in Process-Costing Systems
- Stage of completion of the work-inprocess ending inventory
- Equivalent-unit calculations
- Illustration of Reporting in a Process-Cost System
- The departmental production report
- Weighted-average method
- Steps in preparing the departmental production report
- Other Issues in Process Costing
- Actual versus normal costing
- Using a cost driver other than direct labor
- A Hybrid Product-Costing System: Operation Costing for Batch Manufacturing
Activity Based Costing and Management
- Traditional Cost Management
- ABC Management
- Activity-Based Costing and Traditional Costing
- Activity-Based Costing: Key Issues
Analysis of Activity, Cost Behavior and Cost Estimation
- Cost Behavior Patterns
- Analyzing Mixed Costs
- Applying Cost Behavior
Cost-VolumeProfit (CVP) Analysis
- Approaches to CVP Analysis
- Cost-Volume-Profit (CVP) Relationship
- CVP Analysis and Cost Management
- CVP Analysis and Cost Structure
Absorption and Variable Costing
- Product Cost and Fixed Manufacturing Overhead
- Absorption-costing income statements
- Variable-costing income statements
- Reconciliation of Absorption- and Variable-Costing Income
- No change in inventory levels
- Increase in inventory levels
- Decrease in inventory levels
- Overall Evaluation of Absorption and Variable Costing
- Throughput Costing
Profit Planning and Activity-Based Budgeting
- Framework of Budgeting
- Budgets as a Planning Tool
- Preparing the Master Budget
- Activity-Based Budgeting
Operational Performance Measures: Standard Costing and Balanced Scorecard
- Setting Performance Measures
- Cost Variance Analysis
- Using Standard Costs for Evaluation
- The Balanced Scorecard
Flexible Budgeting: Managing Overhead and Support Activity Costs
- Flexible Budgets: An Overview
- Overhead Variance
- Overhead Analysis
- Activity-Based Flexible Budgets
Responsibility Accounting: Quality and Environmental Cost Control
- Responsibility Accounting: An Overview
- Segment Reporting
- Decentralization Segment
- Performance Evaluation
Investment Centers and Transfer Pricing
- Capital Budgeting Decisions: An Overview
- Screening Decisions: Net Present Value Method
- Screening Decisions: Internal Rate of Return Method
- Ranking Decisions
- Screening Decisions: Economic Value Added (EVA)
Allocation of Support and Joint Costs
- Service Department Cost Allocation: A General Overview
- Methods of Service Department Cost Allocation
- Direct method
- Step-down method
- Reciprocal-services method (appendix)
- Dual-Cost Allocation
- Today's Advanced Manufacturing Environment
- Joint Product Cost Allocation
Decision Making: Relevant Costs and Benefits
- The Decision-Making Model
- Identifying Relevant Costs and Benefits
- Aspects of Decision Making
- Activity-Based Costing and Relevant Costs
Assignments & Grading
Your score provides a percentage score and letter grade for each course. A passing percentage is 70% or higher.
Assignments for this course include:
- 4 Graded Exams
- 1 Graded Midterm
- 1 Graded Final
This course has an open-book Final Benchmark. Scientific calculators are allowed throughout the course.
What You’ll Need
- A reliable computer or laptop
- Stable internet connection
- Web browser
- Basic computer skills
- Scientific calculator
- Any required course materials
Your Academic Team
Your Faculty Team
We’re not just a platform — we’re a team of professional educators committed to your success. Our courses are built by academic professionals who are leaders in higher education, and your assignments are graded by real people who provide meaningful feedback so you can keep progressing.
Support Team
At StraighterLine, there are real people working behind the scenes to guide you through every course, quiz, and “I’m stuck” moment.
- Enrollment Services
- On-Demand Tutors
- Academic Advisors
- Tech Support
Course Professor
Tutoring & Career Resources
Your StraighterLine membership comes with the tools and guidance you need to thrive academically and take confident steps toward your career.
24/7 live, on-demand tutoring, access via chat or video
Exam and certification prep tools
Faculty Connect portal
24/7 live, on-demand tutoring, access via chat or video
Real, human feedback to help you ace your assignments
Exam and certification prep tools
Real, human feedback to help you ace your assignments
Professional development assistance
Resume-building resources
Professional development assistance
Faculty Connect portal
Resume-building resources
Students who enrolled also took:
TRY FOR FREE
Start Your Free Preview
Explore course content, your Student Dashboard, and all the features StraighterLine offers to support your success. No credit card, no commitment — see how easy it is to use StraighterLine.
Get Started FreeStudent Reviews
4.6
Go at Your Own Speed Like I Did!
Going at my own pace has allowed me to complete two courses within a month while working on my third course at the same time. It’s super fast and easy. My school has already received my transcripts and approved the courses.
Brianna, StraighterLine Student
Great Alternative
This was a great alternative for me as a busy mom with a business. I was able to do it at my own pace and the classes were super thorough and informative. What I liked the most was the quizzes to test your knowledge on the subject provided.
Aryam, StraighterLine Student
My Shortcut to My Degree & Career!
StraighterLine had a big impact on reducing the cost and length of time it took me to get my degree. Plus, I was able to get a full-time job in the industry I wanted to work in.
Kara, StraighterLine Student
Getting Started is Simple
The StraighterLine Advantage
Full flexibility, no timelines or deadlines ever.
Your own support team to get you to the finish line.
Unlimited course access so you can take as many courses as you need.
Transfer guaranteed to one of our 180+ partner schools, and accepted by 3,000+ schools nationwide.
How to Enroll in Managerial Accounting
Select your course and click “Enroll Today”.
Create your account and finalize course purchase.
Start earning affordable college credits!
You’ve Got Questions, We’ve Got Answers
Why is StraighterLine so affordable?
StraighterLine offers a completely online learning experience, free from the high costs of traditional colleges and universities. By cutting out the institutional overhead, we pass the savings onto you (instead of extra costs) — providing top-quality courses at a price that fits with your budget
What is included in the price?
StraighterLine membership gives you access to over 75 self-paced online courses at a fraction of the price you’d pay through your school — meaning you’ll save up to 90% per course. But that’s not all — membership also comes with valuable extras at no extra cost, including academic advising, 24/7 on-demand tutoring, and free transcript delivery to your school
What is ACE, and why does it matter for transfer credits?
StraighterLine courses are recommended for college credit by the American Council on Education (ACE), a respected organization that helps colleges evaluate nontraditional learning for credit. If your school accepts ACE Credit recommendations, there’s a strong chance they’ll accept StraighterLine courses. Always check with your school’s registrar to confirm how transfer credits apply to your degree.
How do I transfer StraighterLine credit?
Transferring your StraighterLine credits is easy:
- Check with your school: If you’re enrolled at one of our 180+ partner colleges, your credits are guaranteed to transfer based on which of our courses your school has agreed to directly accept credit for. Plus, StraighterLine credits have also been accepted by over 3,000 colleges and universities, but it’s always a good idea to confirm your school’s transfer policies before enrolling in a course.
- Request your transcript: Once you complete a course with a 70% or higher, log into your StraighterLine account to request an official transcript. We’ll send it directly to your school at no extra cost.
- Apply your credit: Your school will review your transcript and apply eligibility credits toward your degree, helping you move forward on your academic journey.
Helpful Resources
SUPPORT
Need Help Enrolling?
Our Enrollment Specialists are here to help you get started.
BLOG ARTICLE
How Do StraighterLine Online Courses Work?
Find out what your online learning experience with StraighterLine will be like.
BLOG ARTICLE
Where Can You Transfer StraighterLine Credit?
An easy-to-understand guide on how to transfer StraighterLine credits.
BLOG ARTICLE
How StraighterLine Reduces Tuition Costs
See how StraighterLine has helped students save thousands on tuition.
Managerial Accounting & Your Business Career
Managerial Accounting will teach you the skills to turn financial information into decisions. From budgeting and cost analysis to resource allocation, this course helps you understand the financial side of managing teams and organizations. These skills will be valuable whether you’re heading a business or a public service project.
Why it matters:
- Business and financial jobs are quickly growing — projected to add 1.7 million new jobs between 2023-2033.
- Business is a great career choice for those driven by growth and innovation.
How this course sets you up for success:
Accountant, Financial Analyst, Budget Analyst, Cost Analyst, Business Operations Manager, Project Manager, Controller, Management Consultant, and Entrepreneur
How this course sets you up for success:
Understanding managerial accounting gives you the practical tools to make informed business decisions, even if your career isn’t in finance. Start building skills today that will help you lead teams and get ahead in your business career.
Course included in Semester & Annual Plans
SCRIPT HERE DO NOT DELETE