'BUSA' -- Accounting Courses
 
   
 

 
BUSA 8 Course Image

BUSA 8 - Principles of
                Accounting - Managerial
                (5 units)
Managerial accounting concepts and principles.

This course covers the following topics:
  • review of managerial accounting
  • job and process costing
  • cost-volume-profit analysis
  • cost behavior analysis and use
  • cost allocation
  • the budgeting process
  • responsibility accounting in a
         decentralized operation
  • relevant costs for decision making
  • segment reporting
  • variable costing
  • capital budgeting decisions
  • inventory management and analysis
  • financial statement analysis
  • standard costing
  • pricing decisions
This course gives the student the tools and methods needed for decision making.
(90 hours lecture;      Degree appropriate, CSU, UC)
Prerequisite:   BUSA 7 - Principles of Accounting - Financial

Course Measurable Objectives:

  1. Explain the role of the managerial accountant, describe the uses of managerial accounting information, and compare and contrast financial and managerial accounting.
  2. Define cost concepts, terms and behaviors and evaluate relevant costs for decision making.
  3. Distinguish between product and period costs and prepare and interpret a schedule of cost of goods manufactured, schedule of cost of goods sold and the corresponding income statement.
  4. Describe job order and process cost accounting systems, complete problems utilizing each system, and then Illustrate the flow of costs for both job order and process cost systems.
  5. Perform and interpret cost volume profit analysis and explain and compute operating leverage and margin of safety.
  6. Prepare variable costing and absorption costing income statements and reconcile the resulting net incomes.
  7. Explain budgeting and the concepts of planning and control by identifying the components of a master budget and describing how they relate to each other, and then prepare a master budget and the related schedules for a manufacturing business.
  8. Describe the use of standard costs, how they are established, and prepare and interpret direct materials, direct labor and factor overhead variances reports. Prepare flexible budgets and explain their use.
  9. Define responsibility accounting and describe the need for segment reporting, prepare and analyze segment reports for a cost center, profit center and an investment center, and compute and interpret the rate of return on investment and the residual income for an investment center.
  10. Define and identify information relevant to decision making and prepare differential analysis reports for decision making including: discontinuing an unprofitable segment, manufacturing or purchasing a needed part, replacing usable fixed assets, special order decisions and sell or process further.
  11. Explain the nature and importance of capital investment analysis, evaluate capital investment proposals using the following methods: accounting rate of return, cash payback, net present value and internal rate of return, and then summarize factors that complicate capital investment analysis
    12. .
  12. Describe activity-based costing, and then use activity-based costing for product costing and preparing activity-based cost reports.
  13. Identify ethical issues that arise in managerial accounting and describe methods used for addressing them.
  14. Solve problems using excel spreadsheet software.

Course Level Student Learning Outcomes:


Students completing BUSA 8 - Principles of Accounting - Managerial will:
  1. have discovered new knowledge that relate to discipline, technical and human skills, enabling them to be productive members of the community.
  2. have developed a genuine professional interest in topics related to the courses completed that will contribute toward motivation for life-long learning.
  3. have developed the ability to relate material from each course completed to their current and future professional needs, even if these needs fall into a different discipline.
NOTE:  Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult the college catalog for the most current and accurate information regarding degrees, certificates, or courses.
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