(ACCT 312) Managerial Accounting
Review of ACCT 203 and an in-depth study of managerial information used for decision making. Includes international dimensions of managerial accounting.
1. Understandthemethods used to trace product costs involving allocation, activity-based costing, and direct tracing.
2. Understand how to reduce costs and improve productivity
3. Understand fixed and variable costs and the importance of the behavior of costs in planning.
4.Understand how to perform cost-volume-profit (CVP) analysis to make plans and decisions for the future.
5. Understand the process for allocating support department costs and joint costs
6.Understand how to create budgets for complex situations