ACCT 2025 - Managerial Accounting

1. Managerial Accounting and the Business Environment
2. Cost Term, Concepts, and Classifications
3. Job-Order Costing
4. Process Costing
5. Capital Budgeting
6. Cost Behavior: Analysis and Use
7. Cost-Volume-Profit Relationships
8. Financial Statement Analysis
9. Flexible Budgets and Overhead Analysis
10. Profit Planning
11. Relevant Costs for Decision Making
12. Segment Reporting and Decentralization
13. Service Department Costing
14. Standard Costs
15. Statement of Cash Flows
16. Variable Costing: A Tool for Management

1. describe the differences between managerial and financial accounting.
2. explain the different elements of cost in business organizations; cost behavior; inventory cost flow including cost of good manufactured and cost of goods sold; and how costs are used in planning, control and decision making.
3. apply traditional and contribution-margin income statements; analyze cost-volume-profit relationships to support managerial planning and control.
4. analyze costing systems including job-order costing, activity based costing and process costing.
5. discuss the purposes of budgeting and the master budget, prepare component budget schedules and relate the budget to planning and control to support management decision making.
6. describe the development and use of standard costs and variance analysis reports; analyze them in support of responsibility accounting and cost management.
7. analyze various special decisions using relevant costs and benefits analysis to support decision making and analyze short-term and long-term implications.
8. apply management performance evaluation tools such as the balanced scorecard, operational performance measures and quality measures.
9. describe management’s decision making process as it relates to product pricing.
10. apply the concepts of responsibility accounting and decentralization.
11. apply the concepts of capital budgeting and the concepts underlying strategic capital investment decisions.
12. explain the impact of a changing business environment on the role of managerial accounting.
13. explain the role of financial and non-financial accounting information in a company’s decision making environment.

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