AC122 Managerial Accounting
Prerequisite: AC121 and CS125, with a C- or better
This course is a continuation of Financial Accounting (AC121), with primary emphasis on the planning, control and decision-making functions of management. The course will focus on the purposes and uses of the statement of cash flows; determining the costs of a product through job order and process costing systems, analyzing a product's cost-volume-profit and variable costing to determine its break-even point; preparing a budget, and analyzing variances to evaluate management performance. Capital expenditure decision making will also be discussed and analyzed.
3 Credit Hours