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Course Syllabus

ACCT 2020 Managerial Accounting

  • Division: Business and Applied Tech
  • Department: Business
  • Credit/Time Requirement: Credit: 3; Lecture: 3; Lab: 0
  • Prerequisites: ACCT 2010
  • Semesters Offered: TBA
  • Semester Approved: Fall 2021
  • Five-Year Review Semester: Fall 2026
  • End Semester: Summer 2027
  • Optimum Class Size: 30
  • Maximum Class Size: 40

Course Description

This course is a continuation of ACCT 2010 and includes the exploration of accounting concepts and techniques that are essential to the administration of a business. The course primarily focuses on internal management uses of accounting information in planning, budgeting, controlling, and decision-making in business operations.

Justification

This course teaches students the use of information in decision-making, planning, and control of a business unit. The course is required in the Associate of Science Business degree and is often a requirement for business degrees at other USHE schools.

Student Learning Outcomes

  1. Through instruction and hands-on experiences, the student will demonstrate managerial accounting (internal operations accounting) and will demonstrate the skills used in decision making, planning, and controlling a business unit.
  2. Students will analyze cases of unethical behavior and will explore methods for correcting such behavior.
  3. Students will demonstrate how the accounting function becomes an integral part of the organization's management processes. This includes team building, quality improvement, marketing, and productivity.

Course Content

Topics covered in this course include: Process Costing, Product Costing, Activity-Based Costing, Just-In-Time Operating, Operating Cost Behavior, Planning Tools for Budgetary Control, Budgetary Control Process and Standards, Short-Run Decisions, Capital Budgeting, Ethical Standards, Ethical Decision Making, and Total Quality Management.