ACT 130 - Managerial Accounting

3 Credit(s)

Introduction to relevant costs for decision making, controlling, contribution approach to decision-making, and absorption costing versus direct costing effect on income. Coverage of segment profitability, budgeting, capital projects, selection and subsequent evaluation, cost volume and allocation involving joint costs decentralization, and performance measurement and transfer pricing. Emphasis on performance standards, activity-based costing, variance analysis, and responsibility accounting.

Prereqs: ACT 110 with a passing grade
Course Type: Lecture
Tuition Tier: Base
Delivery Method:
In-Person, Online
Course Learning Outcomes:
CLO 1) Students will demonstrate a thorough understanding of the main purposes and functions involved in managerial accounting in various contexts.
CLO 2) Students will calculate breakeven point and develop a contribution income statement.
CLO 3) Students will explain and calculate unit cost using variable costing and absorption costing.
CLO 4) Students will outline the need to control cost and the merits and functions of a standard cost system (including the calculation of variances).
CLO 5) Students will prepare a capital budgeting decision making model involving relevant cost, and time value of money, and taxes.
CLO 6) Students will perform financial statement analysis employing ratio analysis and other analytical tools.