Bus 3304 Managerial Accounting

BUS 3304: Managerial Accounting

Course Description:

This course is a continuation of Financial Accounting with the focus shifted to the internal needs of managers. The course offers students an understanding of managerial accounting techniques used in today’s modern business world.

Required Textbook and Materials:

The main required textbooks for this course are listed below, and can be readily accessed using the provided links. There may be additional required/recommended readings, supplemental materials, or other resources and websites necessary for lessons; these will be provided for you in the course’s General Information and Forums area, and throughout the term via the weekly course Unit areas and the Learning Guides.

Heisinger, K., & Hoyle, J. B.(2012). Accounting for Managers. Creative Commons by-nc-sa 3.0. HTML Available from: https://open.umn.edu/opentextbooks/BookDetail.aspx?bookId=137
The textbook can be downloaded here.

Software Requirements/Installation:

No special requirements.

Learning Objectives and Outcomes:

By the end of this course students will be able to:

1. Recognize, understand, and make business decisions based on data compiled from job order, process, and activity-based costing methods.
2. Use cost-volume-profit modeling to determine break-even points and to project earnings.
3. Perform differential analysis.
4. Use capital and operating (including flexible models) budgets in the decision making process.
5. Use the statement of cash flows, trend analysis, and ratio analysis in making management decisions.

Course Schedule and Topics:

This course will cover the following topics in eight learning sessions, with one Unit per week. The Final Exam will take place during Week/Unit 9.

Week 1: Unit 1 – Introduction to Managerial Accounting and using job order costing to track production costs

Week 2: Unit 2 – Using activity-based accounting (ABC) to allocate overhead costs

Week 3: Unit 3 – Using process costing to track production costs

Week 4: Unit 4 – Identifying cost behavior patterns and using cost-volume-profit analysis for decision making

Week 5: Unit 5 – Making decisions based on relevant revenues and costs

Week 6: Unit 6 – Using capital and operating budgets to make sound business decisions

Week 7: Unit 7 – The roles cost variance analysis and de-centralized organization play in performance evaluation

Week 8: Unit 8 – Using financial and non-financial performance measures. Using the statement of cash flows as a management tool

Week 9: Unit 9 – Course Review and Final Exam