ACCT 234 - Managerial Accounting

3 Credits: (3 lecture)

Course Description
This course provides an introduction to accounting within the context of business and business decisions. Students will explore accounting information’s role in the decision-making process and learn how to use accounting information in a variety of management decision situations.

Prerequisite ACCT 203 and COMP 210.

A. Describe basic managerial and cost accounting concepts such as cost-volume-profit, budgeting, product costing and cost behavior. 

B. Utilize cost behaviors and cost systems in a decision making context. 

C. Describe business segment performance. 

D. Evaluate budgetary data. 

E. Apply cost information when making pricing and resource allocation decisions. 

F. Explain cost allocation and its importance in decision-making.  

Content
A. Management accounting concepts and the business environment 

B. System Designs: job-order costing, activity-based costing, process costing 

C. Cost behavior and relationships 

D. Profit planning, flexible budgets, and performance analysis 

E. Capital and operating budgets 

F. Standard costing 

G. Segment reporting and decentralization 

H. Financial statement and analysis

Student Evaluation
The student’s final grade will be based on a minimum of four tests and a final examination, and a combination of papers, projects, and quizzes. The final is a comprehensive examination based on the content of the one-hour tests.