ACCT 102 - Managerial Accounting

Number of Credits: 3
Examine the difference between manufacturing operations and service organizations/merchandisers. Use costing techniques for each type of operation. Prepare master, operating, financial, and flexible budgets using standard costing. Use data analytics, accounting information, and models to make business decisions.

(Fall, Spring, Summer)Three hours lecture each week. Three Credits. Three billable hours.

Pre-requisite(s): ACCT 101 .

Course Outcomes: Upon successful completion of this course, students will be able to:
1. Explain cost concepts, analyzing and classifying costs.
2. Prepare financial statements for a manufacturing company.
3. Use job order costing, activity-based costing, and target costing.
4. Describe short-term decisions and capital investment decisions commonly made by businesses.
5. Compute cost/volume/profit relationships using contribution margin analyses.
6. Determine how budgets assist managers in decision making, using analysis of data, accounting information and models for business decisions.
7. Create a standard and flexible budget.
8. Use accounting models to define, represent, and solve mathematical problems.
9. Analyze financial transactions.