Introductory Managerial Accounting

This course introduces students to the fundamental concepts and techniques used in managerial accounting to assist in decision-making within organizations. This course covers key topics such as cost behavior, cost-volume-profit analysis, budgeting, performance evaluation, and the use of accounting information to plan and control business operations. Students will learn how to analyze financial data, prepare internal reports, and support management in making informed decisions that enhance operational efficiency and profitability.

Upon successful completion of this course, students will be able to:

• Understanding of Managerial Accounting Concepts: Students will develop a foundational understanding of key managerial accounting concepts, including cost classification, cost behavior, and cost allocation methods.
• Cost-Volume-Profit Analysis: Gain the ability to apply cost-volume-profit analysis to assess the relationships between costs, revenue, and profit, and to inform short-term decision-making and pricing strategies.
• Budgeting and Financial Planning: Learn how to prepare and manage budgets, develop financial forecasts, and use budgeting tools to plan and control business operations effectively.
• Performance Evaluation and Decision-Making: Develop skills in using financial data to evaluate business performance, conduct variance analysis, and support management in making strategic decisions that improve operational outcomes.

These outcomes aim to equip students with the knowledge and skills necessary to apply managerial accounting techniques in real-world business scenarios, preparing them for roles in finance, accounting, and management.