ACC 104 - Managerial Accounting (3)

Prerequisite: ACC 103 with a minimum grade of C-.

An introduction to the use of accounting data by managers in directing the internal affairs of organizations.Topics include types of cost accounting systems, cost-volume-profit analysis, budgeting, decisionmaking and performance evaluation techniques. Upon completion of this course, students will be able to: 1) Identify types of costs and their behavior; 2) Employ cost accounting systems, such as job order, process and activity-based costing; 3) Perform cost-volume-profit analysis; 4) Use relevant cost data to make short-term and long-term decisions; 5) Prepare various types of budgets and resulting variances.