ACTG 202 - Principles of Managerial Accounting

Credit(s): 4

Prerequisite(s): a grade of “C” or better in ACTG 201.
A continuation of ACTG 201, this course includes corporate organization, dividends, retained earnings, earnings per share, long-term liabilities, long-term investments and consolidations, statement of cash flows, analysis and interpretation of financial statements, accounting for manufacturing operations, job order costing, process costing, cost-volume-profit relationships, business segments and departmental reporting, planning, and budgeting. (Fall and Spring Semesters)

Course Learning Outcomes

Compare and contrast financial and managerial accounting.
Identify the field of managerial accounting including career opportunities and ethical considerations.
Describe cost behavior and cost-volume relationships.
Determine activities, cost and cost drivers.
Compare and identify variable and fixed costs.
Use cost allocation techniques and activity-based costing.
Identify and use relevant information for decision-making.
Evaluate opportunity, outlay and differential costs in make or buy decisions.
Describe and/or prepare a master budget.
Prepare a flexible budget and use variance analysis in decision-making.
Describe capital budgeting for programs and projects.
Use cost allocation and job costing concepts.