This course provides a comprehensive, undergraduate level exploration of managerial accounting. It is intended to provide a background of the managerial accounting theory for undergraduate students and make them acquainted with the application of the main principles to real-life business situations and decision-making. It covers the relationship that managerial and financial accounting have on one another. Students will learn about the organizational role of management accountants in the management process, with focus on the use of accounting data in the day-to-day management of organizations. The coursecovers the basic cost terms, different types of costs and applies them within a job order and process cost system.
Cost volume and variance analysis, budgeting and financial performance evaluation will also be addressed