Jan 20, 2022
BA 213 - Managerial Accounting4 Credit(s)
Introduction to tools and techniques for gathering and analyzing accounting information to make management decisions. Topics include cost-volume-profit analysis, manufacturing costs, special decision analysis, budgeting, and cost accounting.
Prerequisite: BA 211
Upon successful completion of this course, the student should be able to:
1. Explain the role of management accounting in making planning and control decisions.
2. Understand and articulate cost behaviors for the purpose of enhancing business decisions.
3. Recognize the advantages and disadvantages of variable costing and use it to generate income statements, and make typical differential analysis decisions, such as make or buy, process further, and one time special orders.
4. Estimate profit and break-even quantities using cost-volume-profit analysis, including CVP problems with target profit and target after-tax profit.
5. Identify different levels of indirect product costs, and use activity-based costing to estimate the cost of products or services.
6. Develop flexible budgets and identify when flexible budgeting should be used instead of static budgeting, create a master budget for an organization including sales, production, administration, capital investment, and financial budgets, and create pro forma financial statements.
7. Understand and anticipate human behavior in reaction to management accounting decisions, such as the selection of a cost driver, transfer prices or budgets.
8. Understand a process costing system, calculate equivalent units, calculate cost per equivalent unit and apply overhead.
9. Understand a job-order cost system, calculate over- and-under-absorbed overhead, and account for over- and under-absorbed overhead.
10. Prepare journal entries for the various cost allocation methods.
11. Evaluate capital budgeting decisions using a variety of methods and understand why the NPV method is preferred.
12. Identify and create business performance measures that help accomplish an organization's strategic goals.
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