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Board of Regents  |  University of the State of New York

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Accounting 301: Applied Managerial Accounting

Location: 

Various; distance learning format.

Length: 

40 hours (10 weeks).

Dates: 

December 2013 - Present.

Instructional delivery format: 
Online/distance learning
Learner Outcomes: 

Upon successful completion of the course, students will be able to: appraise the process involved in corporate governance and how it applies to managerial accounting; evaluate the reports that make up the financial statements and how to prepare them; summarize the functions of cost classifications, cost allocation, and job order cost systems; breakdown cost-volume-profit analysis and how it relates to income statements; dissect how firms decide on a pricing strategy and the different pricing methods; summarize how companies set standard costs and why they are advantageous; point out the different methods, ratios and formulas important in financial analysis; evaluate the software programs pertinent to managerial accounting, and discover their benefits; and assess the different types of budgeting, including capital budgeting, why budgeting is important, and different methods for budgeting.

Instruction: 

Methods of instruction include audiovisual materials and case studies. Major topics include: corporate governance for managerial accounting; cost classifications; manufacturing overhead cost allocation; job order cost system; process cost system; activity-based costing; cost-volume-profit analysis; decision making in managerial accounting; pricing objectives and methods; budgeting; budgetary control; standard costs; capital budgeting; statement of cash flows; and financial statement analysis.

Credit recommendation: 

 In the lower division baccalaureate/associate degree category OR in the upper division baccalaureate degree category, 3 semester hours in Managerial Accounting (12/16).  

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