$79
Plus membership
3 Credits
All courses include:
eTextbooks
2 to 3-day turnaround for grading
Multiple chances to improve your grade
On-demand tutoring & writing center
Student support 7 days a week
$79
Plus membership
3 Credits
All courses include:
eTextbooks
2 to 3-day turnaround for grading
Multiple chances to improve your grade
On-demand tutoring & writing center
Student support 7 days a week
$79
Plus membership
3 Credits
About This Course
ACE Approved 2023
The Managerial Accounting online course focuses on the identification, gathering, and interpretation of information for planning, controlling, and evaluating the performance of a business. Study concepts like the measurement of the costs of producing goods or services and learn how to analyze and control these costs. Our Managerial Accounting course also analyzes managerial accounting principles and systems through process and job order costing.
Course Outcomes
Compare and contrast between 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 job-order costing system and evaluate its suitability in manufacturing and nonmanufacturing firms.
Describe process costing and evaluate the suitability of process costing in manufacturing and nonmanufacturing firms.
Compare and contrast traditional volume-based costing system and activity-based costing system.
Interpret cost behavior patterns to estimate costs and assess the need for 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.
Describe the key decision areas in capital budgeting and explain the concept of time value of money.
Determine the criteria that are used in determining and making pricing decisions.
Course Text
Prefer the hard copy? Simply purchase from your favorite textbook reseller; you will still get the eTextbook for free. The required eTextbook for this course is included with your course purchase at no additional cost.
Managerial Accounting, 5th edition
Wild, John J., and Ken W. Shaw. Managerial Accounting, 5th edition, McGraw-Hill/Irwin, 2016, ISBN: 9781259176494
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