ACC202-Principles Of Managerial Accounting


This course is an introduction to managerial accounting for non-accounting business majors. Emphasis is on the internal accounting methods of business organizations for planning and control. Various topics include determining accounting systems for manufacturing operations, cost-volume profit analysis, differential analysis and produce pricing, budgeting and standard costs, decentralized operations, and capital investment analysis.

Upon successful completion of this course, students will be able to:

1. Describe the role of managerial accounting in managerial decision making.

2. Analyze accounting information to formulate organizational strategies.

3. Evaluate manufacturing operations for performance analysis.

4. Examine how financial statements for manufacturing, merchandising, and service companies differ.

5. Describe how manufacturing costs impact financial statements.

6. Assess a company’s cost structure using financial statements.

1. Synthesize theories and approaches from the subject areas of the general education curriculum to address complex problems.

a. Utilize interdisciplinary approaches and informed decision-making when solving problems.

b. Frame problems and construct solutions through reasoned analysis, including consideration of diverse views.

c. Analyze and present a reasoned response to problems within a wider societal and systems context.

d. Articulate commonalities and differences across varying cultural, economic, and geographic populations as part

of global citizenship.

e. Demonstrate critical thinking and problem solving skills using adaptable, flexible, creative, and innovative approaches.

2. Integrate skills from the general education competencies when interpreting ideas and arguments in order to respond to civic, societal, environmental, and economic challenges.

a. Apply the principles of critical thinking to contemporary issues.

b. Exhibit clear, sustained, and coherent arguments and narratives in written and oral communication.

c. Utilize information, media, and technology literacy skills appropriate for an associates or bachelor degree level, by recognizing when information is needed and effectively locating, evaluating, and using the information.

d. Construct solutions to problems through qualitative or quantitative analysis and/or computational skills and practices.

e. Display leadership and interdisciplinary teamwork skills.

f. Employ the skills necessary to engage in lifelong learning through intellectual inquiry.

3. Synthesize proficiencies appropriate to the degree level and discipline or major.

a. Explain field specific concepts, theories, and practices.

b. Evaluate complex problems or challenges related to the field by applying field specific concepts, theories, and practices.

4. Construct ethical responses to contemporary issues.

a. Identify and address key ethical issues, including the application of academic knowledge to the concerns of society.

b. Articulate the constraints that ethical theories and principles place on responses to specific challenges.