Managerial accounting is a fundamental course regarding internal management with theory, concepts and methods relating to use of information and design of systems to aid in planning, controlling, decision making, evaluating performance and reporting financial results to company leadership.
- Management accounting, planning, directing, and controlling
- Comparison of financial and managerial accounting
- Cost terms, concepts, and classifications
- Cost behavior: analysis and use
- Job order costing
- Process costing
- Cost-volume-profit relationships
- Profit reporting under variable costing and absorption costing
- Performance measurement
- Relevant costs for decision making for adding and dropping product lines, make or buy decisions, special orders, pricing, and constrained resources
- Profit planning and budgeting
- Standard costs and variance analysis
- Capital investment decisions
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