Jun 16, 2024  
2017-18 Catalog 
2017-18 Catalog [ARCHIVED CATALOG]

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ACCT 234 - Managerial Accounting

5 CR

Explores the use of managerial accounting techniques and analytical tools in business decision-making. Students focus on short- and long-range financial planning, management planning, and control.

Prerequisite(s): ACCT 102  with a C or better, or entry code.

Course Outcomes
  • Explain the types and flow of manufacturing and non-manufacturing costs.
  • Determine and apply overhead costs in job-order, activity based, and process costing systems.
  • Distinguish the overhead application in variable and absorption costing systems.
  • Calculate targeted profit levels and perform a cost-volume-profit analysis.
  • Prepare and use master and flexible budgets, and analyze variances to evaluate performance.
  • Calculate return on investment and construct a balanced scorecard.
  • Evaluate investments and projects by calculating and using the net present value, internal rate of return and payback methods.
  • Discuss the use and application of ethics in managerial accounting.

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