ACCT2102 — Managerial Accounting
ACCT 2102 - Managerial Accounting ACCT 2102 - Managerial Accounting 4 Credits Consists of analyzing information and preparing reports for internal use in the company’s management decision-making process. Emphasizes planning and control for profit-seeking enterprises. This course will cover cost terminology and behavior, fixed, mixed, and variable costs, standard costs and variances, activity-based costing, quality costs, job order costing, relevant costs, break-even and cost-volume-profit analysis, profit planning (budgeting), capital budgeting, flexible budgeting, segment reporting, transfer pricing, constrained resources, and business ethics. Meets requirements for accounting and lower-division-transfer business administration majors at most 4-year institutions. Understand: the different elements of cost in business organizations; cost behavior; inventory cost flow including cost of good manufactured and cost of goods sold; and how costs are used in planning, control and decision-making. Apply the concepts of capital budgeting and the concepts underlying strategic capital investment decisions. Apply traditional and contribution-margin income statements; analyze cost-volume-profit relationships to support managerial planning and control. Apply the concepts of responsibility accounting and decentralization. Understand the purposes of budgeting and the master budget, prepare component budget schedules and relate the budget to planning and control to support management decision
Prerequisites: ACCT2101