Upon successful completion of the course, students will be able to: recognize how accounting is used to facilitate and align decisions made by owners, managers, and employees; recognize fundamental concepts of managerial accounting; identify problems associated with relying on financial accounting information for internal decision making; organize cost information according to the decision-making needs of the organization; apply different costing methods and recognize the influence of setting and decision characteristics on the relevance of costing systems; recognize use of accounting data in the areas of product costing, cost behavior, cost control, and operational and capital budgeting for management decisions; define operation and budgeting, and its role in planning, control and decision making; recognize the steps in preparing an operating budget and identify its major components and the interrelationships among its various components; and list methods of performance evaluation.