91福利社

Managerial Accounting I — ACCT 2110

1. Course Description
   • Credits: 4.00
   • Lecture Hours/Week: 4.00
   • Lab Hours/Week: 0.00
   • OJT Hours/Week: 0
   • Prerequisites:
     • ACCT 1010: Principles of Financial Accounting I
   • Corequisites: None
   • MnTC Goals: None
   This course is an introduction to the fundamental concepts of planning, controlling, and decision making used by managers. Included are the principles and concepts used to account for materials, labor, and overhead in a manufacturing or service entity. Topics include job order costing, process costing, cost behaviors, and flexible budgets and performance analysis. Prerequisite: ACCT1010
2. Course Effective Dates: 8/21/17 – Present
3. Outline of Major Content Areas
   1. Budgeting and Variance Analysis
   2. Cost classifications and behavior
   3. Cost-Volume-Profit Relationships
   4. Impact of various costing methods on decision making
   5. Job Order, Process and Activity Based Costing
   6. Managerial versus Financial Accounting
   7. Relevant costs and capital expenditures
4. Learning Outcomes
   1. Define managerial accounting and the ethical responsibility of a manager.
   2. Classify costs by behavior, understand cost terminology, and assign costs to cost objects.
   3. Understand the flow of cost in a job order cost system and how the information is used for internal and external reporting.
   4. Understand the flow of cost in a process cost system and how the information is used for internal and external reporting.
   5. Explain the difference between variable costing for internal reporting purposes and absorption costing for GAAP.
   6. Prepare variance analysis using a flexible budget.
   7. Analyze relevant versus irrelevant costs and their impact on budget and capital expenditure decisions.
5. Minnesota Transfer Curriculum Goal Area(s) and Competencies
   
6. Learner Outcomes Assessment
   As noted on course syllabus
7. Special Information
   None noted