COPE TTS | Evaluated Learning Experience
ACC 201 Managerial Accounting
Varies (self-study; self-paced).
October 2022 - Present.
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.
This course serves as an introduction to managerial accounting, starting with basics about cost concepts, budgeting, and performance analysis and moving on to fundamental concepts like costing methods, master budgets, budget variance analysis, capital budgeting, and financial statements analysis. This course helps students understand the fundamental concepts of managerial accounting and examines principles, techniques, and uses of accounting in the planning and control of business organizations from a management perspective.
In the associate/certificate degree category OR in the lower division baccalaureate/associate degree category, 4 semester hours in Managerial or Cost Accounting (3/23).