Principles of Accounting II, Managerial Accounting (ACC 102)
Location:
Various; distance learning format.
Length:
120+ hours.
Dates:
January 2012- Present.
Instructional delivery format:
Online/distance learning
Learner Outcomes:
Upon successful completion of the course, students will be able to: discuss the difference between financial and managerial accounting; utilize cost management tools such as activity based costing, job order costing, and process costing to make managerial decisions; understand cost behavior and prepare Cost-Volume-Profit analysis to make business decisions; understand how managers make decisions such as special orders, pricing, or outsourcing using financial information; explain time-value of money concepts and how they affect capital decisions; prepare and understand master budgets; prepare and understand flexible budgets and standard costing; and evaluate business performance both internally and against industrial benchmarks.
Instruction:
The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: introduction to managerial accounting, job order and process costing, activity-based costing, cost-volume-profit analysis, short-term business decisions, capital investment decisions, time value of money, master budgets, flexible budgets, and performance evaluations.
Credit recommendation:
In the lower division baccalaureate/associate degree category, 4 semester hours in Accounting, Principles of Accounting, Financial Accounting, Managerial Accounting, or Business (1/12) (10/17 revalidation).