Managers are often judged by how they make decisions. Learning basic managerial accounting and cost accounting concepts allow managers to make appropriate decisions regarding projects: how much inventory will be purchased and when and how well budgets are being followed.
The purpose of this course is to help students acquire functional managerial accounting skills to make proper business decisions. Topics include: Statement of Cash Flows; Financial Statement Analysis; Job Order Cost System; Process Cost System; Cost Behavior and Cost-Volume-Profit Analysis; Profit Reporting for Management Analysis; Budgeting; Cost Allocating and Activity-Based Costing; Differential Analysis and Product Pricing and Cost Management for Just-in-Time.