BUS 223 - Managerial Accounting3
Course Description: Managerial Accounting is the study of the use of accounting information for managerial decision making. Topics covered include cost analysis, budgeting, activity based costing and relevant cost decisions. Spreadsheet applications are integrated throughout the course.
Prerequisite(s): Completion of BUS 220 or BUS 221; and completion of CAP 101
Course Student Learning Outcomes:
- Demonstrate the role of managerial accounting in business and the needs of internal stakeholders
- Demonstrate knowledge of activity-based costing, job order costing and process costing
- Analyze cost behavior and apply it to various situations
- Apply the tools of cost-volume-profit analysis, the budget process, differential analysis, and capital investment analysis to solve internal business problems
- Prepare and analyze various budgets included in a Master Budget
- Evaluate Capital Budgeting Decisions using Payback Period, Internal Rate of Return and Net Present Value Analysis
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