Managerial Accounting

Course Number:

BA 213

Transcript Title:

Managerial Accounting

Created:

Jul 26, 2022

Updated:

Jul 26, 2022

Total Credits:

4

Lecture Hours:

40

Lecture / Lab Hours:

0

Lab Hours:

0

Satisfies Cultural Literacy requirement:

No

Satisfies General Education requirement:

No

Grading Options

A-F, P/NP, Audit

Default Grading Options

A-F

Repeats available for credit:

0

Suggested Outcome Assessment Strategies

Assessment methods can include: examinations, quizzes, homework assignments, research papers, case study analysis, and small group problem-solving of questions arising from application of course concepts and concerns to actual experience, oral presentations, and class participation.

Course Activities and Design

The determination of teaching strategies used in the delivery of outcomes is generally left to the discretion of the instructor. Here are some strategies that you might consider when designing your course: lecture, small group/forum discussion, flipped classroom, dyads, oral presentation, role play, simulation scenarios, group projects, service learning projects, hands-on lab, peer review/workshops, cooperative learning (jigsaw, fishbowl), inquiry based instruction, differentiated instruction (learning centers), graphic organizers, etc.

Course Content

Outcome #1: Communicate effectively using basic managerial accounting terminology and concepts in a business environment.

To address this outcome, students should be taught:

• The relationship and differences between managerial and financial accounting
• Accounting concepts and analysis related to manufacturing businesses

Outcome #2: Use an understanding of cost concepts for product costing and to analyze relevant costs.

To address this outcome, students should be taught:

• How to use job order cost systems for both manufacturing and service businesses
• How to use process order cost systems and understand the associated cost flows
• How to make decisions using job order costing and process cost of production reports

Outcome #3:Understand the nature of costs and apply to cost-volume-profit relationships and activity-based costing.

To address this outcome, students should be taught:

• Cost behavior and concepts regarding variable, fixed, and mixed costs
• The relationships between cost, volume, and profit
• Mathematical and graphic approaches to cost-volume-profit analysis
• How to perform activity-based costing and cost allocation

Outcome #4: Apply budgeting for business planning and standard costs to perform variance analysis.

To address this outcome, students should be taught:

• The standard setting process and ideal vs. attainable standards
• How to compute manufacturing cost variances for
  • Direct materials price and quantity variances
  • Direct labor rate and time variances
  • Factory overhead variable controllable and fixed volume variances
• How to journalize cost variances

Outcome #5: Evaluate and measure business performance using knowledge of responsibility accounting.

To address this outcome, students should be taught:

• The nature of centralized vs. decentralized operations
• The similarities and differences between cost centers, profit centers, and investment centers
• How to account for transfer pricing between centers

Outcome #6: Apply an understanding of capital budgeting for decision making.

To address this outcome, students should be taught:

• The nature of capital investment analysis
• Methods of capital investment analysis, including average rate of return, cash paybeck, and methods using present values
• How to perform differential analysis for decision making

Suggested Texts and Materials

Text: Accounting, 27th Ed; Warren/Reeve/Duchac; Cengage Learning