Students learn to collect, analyze, and communicate quantitative and non-quantitative information to assist management in making more effective planning and control decisions. Topics include the role of managerial accounting; basic cost management concepts; job, process, hybrid and activity-based costing; cost behavior and estimation; cost-volume-profit analysis; profit planning and activity-based budgeting; standard costing, variance analysis, and flexible budgeting; cost management tools including the balanced scorecard, benchmarking, reengineering, and theory of constraint; and decision-making using relevant costs such as make or buy, special orders, joint products and outsourcing. Prerequisite: ACCT 2210 (min grade C-) or equivalent and ENGL 1100 (min grade C-) or ENGL 1110 (min grade C-) or ENGL 1120 (min grade C-) or ENGL 1140 (min grade C-) or ENGL 1210 (min grade C-) or equivalent
Students learn to collect, analyze, and communicate quantitative and non-quantitative information to assist management in making more effective planning and control decisions. Topics include the role of managerial accounting; basic cost management concepts; job, process, hybrid and activity-based costing; cost behavior and estimation; cost-volume-profit analysis; profit planning and activity-based budgeting; standard costing, variance analysis, and flexible budgeting; cost management tools including the balanced scorecard, benchmarking, reengineering, and theory of constraint; and decision-making using relevant costs such as make or buy, special orders, joint products and outsourcing. Prerequisite: ACCT 2210 (min grade C-) or equivalent and ENGL 1100 (min grade C-) or ENGL 1110 (min grade C-) or ENGL 1120 (min grade C-) or ENGL 1140 (min grade C-) or ENGL 1210 (min grade C-) or equivalent
