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Introduction to Managerial Accounting - 1st year

Second in the sequence in the accounting courses. Introduces the student to the business concepts and methods used to report managerial performance information to internal users and managers to assist in making sound business decisions in managing the firm. This course will help the student to understand the fundamental concepts of managerial accounting.


By the end of the course, students will be able to:

1. Compare job order with process costing;

2. Design and use an activity based costing system;

3. Evaluate and prepare managerial accounting statements;

4. Compute necessary managerial accounting information;

5. Classify and analyze the various types of costs in a manufacturing company;

6. Calculate and allocate overhead costs to product manufacturing.


Course topics will include the following:

1. Control Systems, Cost Management Concepts and Cost Behavior.

2. Traditional and Activity-Based Cost Management Systems.

3. Organizational Design, Responsibility Centers, and Financial Control.

4. Management Accounting Information for Activity and Process.

5. Pricing, Product Planning and Investment Decisions.

6. Management Accounting and Control Systems for Strategic Purposes.

7. Assessment of Performance over the Entire Value Chain.

8. Motivation of Behavior in Management Accounting and Control Systems.

9. Use of Budgets to Achieve Organizational Objectives.

Method of Instruction:

1. Lecture and application of managerial accounting principles and practices introduced.

2. Individual, paired, and small group exercises and classroom competitions, with regular instructor
feedback and coaching.

3. Slide-lectures, videos to illustrate and expand concepts explained in the course.

Types of Assignments:

1. Questions, exercises, and problems to apply managerial accounting principles.

2. Calculation of managerial accounting formulas.

3. Written responses to weekly problem solving.

4. Oral class discussion and group and teamwork.

Sample Text:

1. Introduction to Managerial Accounting, 2nd Edition, Weygandt, Kieso, and Kimmel, John Wiley & Sons, 2001.