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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