Select to close Course ePortfolio detail
Select to open Course eportfolio detail
Select to close Course ePortfolio detail
Select to open Course eportfolio prerequisites
Select to close Course ePortfolio prerequisites
Select to open Course eportfolio pedagogical approach and outcomes
Select to close Course ePortfolio pedagogical approach and outcomes
Select to open Course eportfolio assessment methodology and other information
Select to close Course ePortfolio assessment methodology and other information
Are you sure you want to delete this Course ePortfolio Managerial Accounting
Enter an ISBN to find MERLOT Open Educational Resources (OER) to supplement a textbook
Enter ISBN
Search all MERLOT
Select to go to your profile
Select to go to your workspace
Select to go to your Dashboard Report
Select to go to your Content Builder
Select to log out
Search Terms
Enter username
Enter password
Please give at least one keyword of at least three characters for the search to work with. The more keywords you give, the better the search will work for you.
Select OK to launch help window
Cancel help

MERLOT II

Advanced Search


        

Search > Course ePortfolio Results >

Managerial Accounting

select to open or close Course ePortfolio detail Course ePortfolio:  Managerial Accounting

Course ePortfolio Description:

This collection contains the Affordable Learning Solution for the Southern University System (AL$4SUS) list of peer-reviewed textbooks for for Managerial Accounting (common course-id ACCT 120), one of the top 50 college courses identified for inclusion in the  Southern University Online Library for Education (SUOLforEd).

 See LA Master Course Matrix
http://www.regents.la.gov/page/master-course-articulation-matrix

General Course Description: ACCT 120

This is the study of how managers use accounting information in decision-making, planning, directing operations and controlling.  Focuses on cost terms and concepts, cost behavior, cost structure and cost-volume-profit analysis.  Includes issues relating to cost systems, cost control, profit planning, and performance analysis in manufacturing and service environments.

Minimum units: 3.0

Date Added to MERLOT: August 02, 2016
Created by: SUOL4ed subr
License: Creative Commons License
Derivations of this Course ePortfolio
  Derived From
Select to open Course eportfolio prerequisites

Prerequisites

Select to close Course ePortfolio pedagogical approach and outcomes

select to open or close Course ePortfolio pedagogy and outcomes Pedagogical Approach & Learning Outcomes

Pedagogical Approach:

Course Content:

  • Decision making: relevant costs and benefits
  • Basic cost management concepts
  • Cost-volume-profit analysis
  • Job-order and process costing
  • Activity-based costing
  • Profit planning and budgeting
  • Standard costing and flexible budgeting
  • Responsibility accounting, segment reporting, and performance analysis
  • Absorption and variable costing
  • Capital expenditure decisions
  • Ethical issues
Outcomes:

At the conclusion of this course, the student should be able to:

  • Identify and illustrate the primary activities and information needs of managers and explain the role of the managerial accountant as a member of the management team; compare and contrast financial and managerial accounting;
  • Define and illustrate various cost terms, concepts, and behaviors, and evaluate their relevancy for different decision-making purposes;
  • Distinguish between product and period costs and prepare and evaluate a Schedule of Cost of Goods Manufactured, Schedule of Cost of Goods Sold, and Income Statement;
  • Prepare traditional and contribution margin income statements and define related terms;
  • Explain cost-volume-profit analysis, degree of operating leverage, and safety margin and employ each as an analytical tool;
  • Describe the traditional types of product costing systems (including job-order and process), illustrate the flow of costs in each, and prepare related accounting records and reports;
  • Discuss the impact of technology on the business environment, its implications for product and service costs, and the development of activity-based costing and management;
  • Explain the purposes of budgeting, prepare a master budget and its component schedules, and relate the budget to planning and control;
  • Explain the development and use of standard costs and flexible budgets, prepare and interpret variance analysis reports and relate them to responsibility accounting and control;
  • Explain the nature of and need for segment reporting and the relationship with cost, revenue, profit, and investment centers; prepare and analyze related segment reports;
  • Compare and contrast absorption costing and variable costing, prepare income statements using both methods, and reconcile the resulting net incomes;
  • Define relevant costs and benefits and prepare analyses related to special decisions;
  • Explain the nature of capital expenditure decisions and apply and evaluate various methods used in making these decisions; including the time value of money and
  • Identify the ethical implications inherent in managerial accounting and reporting and be able to apply strategies for addressing them.
Select to open Course eportfolio assessment methodology and other information

Assessment & Other Info

Select to open Course eportfolio resources
Select to close Course ePortfolio resources
Select to close Course ePortfolio resources

select to open or close Course ePortfolio resources Course Resources

Delete the item Managerial and Cost Accounting from this Course ePortfolio
Show the full note for Managerial and Cost Accounting
Close the complete note for Managerial and Cost Accounting
1.
(Open (Access) Textbook)
 This book introduces managerial accounting, with a primary focus on internal business... More
Delete the item Managerial Accounting from this Course ePortfolio
Show the full note for Managerial Accounting
Close the complete note for Managerial Accounting
2.
(Open (Access) Textbook)
Managerial Accounting was written around three major themes: Ready, Reinforcement and... More
Delete the item Management Accounting Concepts and Techniques from this Course ePortfolio
Show the full note for Management Accounting Concepts and Techniques
Close the complete note for Management Accounting Concepts and Techniques
3.
(Open (Access) Textbook)
Management accounting provides information that helps managers control activities within... More
Delete the item Accounting Principles: Managerial Accounting from this Course ePortfolio
Show the full note for Accounting Principles: Managerial Accounting
Close the complete note for Accounting Principles: Managerial Accounting
4.
(Open (Access) Textbook)
This is the Textbook Equity derivative work based on Accounting Principles: A Business... More
Delete the item Managerial Accounting from this Course ePortfolio
Show the full note for Managerial Accounting
Close the complete note for Managerial Accounting
5.
(Open (Access) Textbook)
Kurt Heisinger and Joe Ben Hoyle believe that students want to learn accounting in the... More