AC302 Managerial Accounting Principles (3 cr.)

Prerequisite(s): BU300  Co-requisite
This course is an introduction to the managerial accounting and reporting systems used for decision-making purposes. Topics include cost accounting and variances, cost-volume-profit relationships, job order and process cost systems, budgeting and measuring performance, and an introduction to the time value of money and the capital budgeting process.

Upon completion of the course, students are expected to be able to do the following:

1. Evaluate the information available from the accounting records that is used in the managerial decision-making process.
2. Apply job costing, activity-based costing and other cost management tools in the managerial decision-making process.
3. Analyze various types of computer software and relate the importance to cost accounting and management reporting.
4. Prepare, monitor, analyze, and report on the results of the budget process.
5. Employ the various types of cost accounting processes.
6. Apply the basic concept of time value of money in the capital budgeting process.