Managerial Accounting

Carroll Community College
Westminster, Maryland, United States

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' This course will introduce you to managerial accounting, the process that uses financial information to organize and govern finances within an organization. It will give you a basis for understanding and analyzing financial statements and prepare you to make effective financial decisions at a managerial level.

After completing this course, you’ll be able to identify evolving management themes, understand the fundamental differences between management and financial accounting, and apply various types of management accounting systems. You’ll be prepared to explain cost volume profit analysis and identify the major components of product costing systems. You’ll know how to describe various types of business overhead costs, how to prepare budgeted statements, and you’ll understand variance analysis systems.

This course includes all required textbooks and access to expert instructors who can be reached by phone or e-mail.

Course Schedule:

Week 1:

Accounting and Decision Making
Required Discussion Area Posting—Introduction
Day 1: Introduction to Managerial Accounting
Day 2: The Decision-Making Model
Day 3: Ethics
Research Project Assigned
Self-Quiz
Required Reading—Chapter 1, pages 2-24

Week 2:

The Production Process and Costs
Day 1: Manufacturing
Day 2: Cost Flows in Manufacturing
Day 3: Cost Flow Structure
Self-Quiz
Required Reading—Chapter 2, pages 26-63

Week 3:

Tracking Company Costs
Day 1: Product-Costing Systems
Day 2: Cost Drivers and Overhead Rates
Day 3: Basic Process Costing
Self-Quiz
Required Reading—Chapter 3, pages 64-101

Week 4:

Introduction to Activity-Based Costing
Day 1: Activity-Based Costing
Day 2: Cost Flows and ABC; Successful Implementation of ABC and ABM
Required Discussion Area Posting—Activity-Based Costing
Self-Quiz
Required Reading—Chapter 4, pages 102-138

Week 5:

Cost Behavior and Relevant Costs
Day 1: The Behavior of Fixed and Variable Costs
Day 2: Cost Behavior and Decision Making
Day 3: Regression Analysis
Self-Quiz
Required Reading—Chapter 5, pages 140-173

Week 6:

Cost-Volume-Profit Analysis
Day 1: Contribution Margin
Day 2: Break-Even Analysis
Day 3: Target Profit Analysis
Required Discussion Area Posting—Break-Even Analysis
Self-Quiz
Required Reading—Chapter 6, pages 174-213

Week 7:

Short-Term Decision Making
Day 1: Special Orders
Day 2: The Decision to Drop a Product or Service
Day 3: Constraints
Self-Quiz
Required Reading—Chapter 7, pages 214-245

Week 8:

Focusing on Cash Flow
Day 1: Long-Term Capital Investment Decisions
Day 2: Capital Investment Decisions
Day 3: The Payback Method
Self-Quiz
Required Reading—Chapter 8, pages 246-292

Midterm Examination

Week 9:

Budgeting and Decision Making
Day 1: The Uses of Budgets in Planning and Decision Making
Day 2: Budgets, Part 1
Day 3: Budgets, Part 2
Required Discussion Area Posting—Advantages of Budgeting
Self-Quiz
Required Reading—Chapter 9, pages 294-335

Week 10:

Cost Standards and Variance Analysis
Day 1: Variance Analysis-A Tool for Cost Control and Performance Evaluation
Day 2: Variances
Day 3: Interpreting and Using Variance Analysis
Self-Quiz
Required Reading—Chapter 10, pages 336-371

Week 11:

Decentralization and Performance Evaluation
Day 1: Decentralization
Day 2: Investment Centers
Day 3: Transfer Pricing
Required Discussion Area Posting—ERP Software: Utility
Self-Quiz
Required Reading—Chapter 11, pages 372-411

Week 12:

Performance Evaluation
Day 1: The Balanced Scorecard
Day 2: Measuring and Controlling Quality Costs
Day 3: Productivity
Self-Quiz
Required Reading—Chapter 12, pages 412-441

Week 13:

Creating a Competitive Advantage
Day 1: The Strategic Use of Managerial Accounting Information
Day 2: Cost Management and Strategy
Day 3: Activity Based Management and the Value Chain
Submit Research Project
Self-Quiz
Required Reading—Chapter 13, pages 444-469

Week 14:

Fraud
Day 1: An Introduction to Fraud
Day 2: Internal Controls
Day 3: Corporate Governance and the Need for Ethics
Self-Quiz
Required Reading—Chapter 14, pages 470-496

Week 15:

Analyzing Financial Statements
Day 1: Financial Statement Analysis
Day 2: Statement of Cash Flows
Day 3: Noncash Transactions and Cash Flow
Self-Quiz
Required Reading—Chapter 15, pages 498-529, and Chapter 16, pages 530-555

Final Examination

...''

Elements of this syllabus are subject to change.

Phone:410-386-8100

School Address:

Continuing Education & Training
1601 Washington Rd.
Westminster, MD 21157
USA



Jobs & Resumes: Westminster
Houses & Roommates: Westminster

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