ACC213: Managerial Accounting - 4 Hours
Prerequisites: ACC105, CIS116
IAI Code: BUS 904
An introduction and application of managerial accounting principles in a manufacturing entity. The course includes a study of primary product full-absorption costing systems (job-order and process costing) and their many variations. It includes expanded and alternate uses of the primary systems (variable costing and standard costing) and analyzes how these might affect decision-making and control. It will explore short-term and long-term decision-making models such as CVP analyses, relevant costs, discounted cash flow (DCF) Models (NPV and IRR) and look at how these inputs fit into overall business forecasting. Finally, it includes responsibility accounting and segment reporting and where/how these fit into a profit-planning model.