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<<< click here to get back to the MASTER OF BUSINESS ADMINISTRATION (M.B.A.)
MGT 307 Managerial Accounting (3 Credits)
The course emphasizes the use of accounting information for internal purposes as opposed to the external disclosure focus of the financial accounting course. The design of management accounting systems for planning and controlling operations and for motivating personnel is covered. The course integrates accounting with ideas from microeconomics, data analysis, decision analysis, finance, and operations management. There are no prerequisites for this course.
Managerial accounting information is directed to users internal to the firm, such as managers, auditors, and directors. Financial accounting information, such as financial statements and other regulatory filings, is directed to external constituencies of the firm, such as regulatory bodies, securities analysts, and (current/potential) shareholders.
The following are acceptable topics for this course:
- Cost Behavior: fixed, semi fixed, variable, semi variable, direct, indirect costs
- Cost Inclusion: variable, full absorption costing
- Cost Measurement: actual, normal, standard costing.
- Cost Volume Profit ("Break Even") Analysis
- Differential Analysis
- Cost Allocations: product costing systems, including activity based costing (ABC), service cost allocations, joint cost allocations.
- Variance Analysis
- Residual Income, Return on Investment
Recommended Text(s)
Managerial Accounting : Tools for Business Decision Making
Weygandt, Jerry J./ Kieso, Douglas W./ Kieso, Dona, John Wiley & Sons Latest Edition
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