Business Administration: Managerial Accounting

Introduction to use of accounting for planning, cost behavior, budgeting, analysis, and decision making. Prerequisites: BUS 1610 with a minimum grade of C-; ECON 1450 with a minimum grade of C-; Business Administration, Engineering Management, Dietetics, Nutrition and Food Sciences, Computer Science & Information Systems major, Business Administration, Accounting minor by permission; minimum Sophomore standing.

Prereqs enforced by the system: BUS 1610 and ECON 1450 with a minimum grade of C-; BSAD, CSIS, DNFS, EMGT majors or BSAD, ACCT minors only; Minimum sophomore standing; Open to Degree and PACE students

Managerial accounting is the field of accounting aimed at providing managers with financial information to help them make decisions. It involves product costing and cost behaviors, budgeting and profit planning, cost control, capital budgeting decisions, and statement analysis. It examines the financial "insides" of a business organization to understand the essential components for effective decision making. In this course you will lean how to: 1) Recognize the importance of managerial accounting in an organization. 2) Develop an understanding of managerial accounting concepts. 3) Apply product costing methods and examine cost behaviors. 4) Analyze financial statements and reports to provide internal decision makers with information to make effective decisions. 5) Prepare budgets to forecast financial information and trends. 6) Use capital budgeting tools to choose among various projects and find the one(s) that will maximize a company's return on its financial investment.

1) Attend every class with the goal of staying engaged, paying attention, asking questions, and taking good notes. As your professor, I have one primary goal – helping you to learn managerial accounting. So, you can expect each class period to be focused on that goal. 2) Read the textbook (text or online). This book is written in an easy, conversational style, and has so many online learning tools to help you think not only about how to do accounting but why we do it that way. If you read the textbook, then you will know what questions to ask in class and will more fully understand the class material. Class instruction assumes you have read the material in the textbook beforehand. If you have, you will learn. If you have not, you are likely to get lost and have difficulty catching up. 3) Complete homework in a timely manner and in the spirit of trying to learn from the homework, not just finish it. The more time you spend trying to understand the underlying concepts demonstrated in your homework, the better off you will be. 4) Expect to do well. Do not be concerned by the numbers or the complexity of the topic. This is an introductory class, and you have so many resources available to help you learn, whatever your learning style. If you put in the effort and make smart preparation and study decisions, you absolutely can do well! 5) Follow the “CAT” rules of engagement. Cell phones off, bring your positive attitude to our class, and show up on time.

4-5 tests