Students will examine the basics of managerial accounting including the gathering of costs, allocation of costs to products and services and the effects of these costing methods on the managerial use of the information. In addition, measurement, control and alternative choice information are examined as outputs of a managerial accounting system. Specific topics include direct cost analysis, overhead application methods, budgeting (static and flexible) and alternative choice decisions based on relevant revenues and relevant costs. Also, the uses of responsibility centers (cost, revenue, invoice and ROI) are analyzed from a motivational point of view, and the establishment of supervisory information (variance analysis) and related departmental responsibility techniques are examined.
View course outline