2023-2024 College Catalog 
    Oct 03, 2023  
2023-2024 College Catalog

ACC 256 - Principles of Managerial Accounting

Credits: 3
Lab/Lecture: Three lecture.

Managerial Accounting offers both theory and practice as it applies to the uses of accounting information and techniques in the realm of the management decision-making process of an organization. The course introduces manufacturing accounting concepts, which include cost concepts, cost behavior analysis, profit planning, budgeting, and capital budgeting decisions.
Course Outcomes:
Students will be able to:
  1. demonstrate problem solving techniques through accounting problem analysis;
  2. interpret the different types of cost accounting systems and their applicability in certain situations;
  3. describe and explain the uses for the various types of budgets that may be required by an organization;
  4. describe and explain purposes of cost allocation;
  5. describe and apply how to measure performance in cost, profit and investment centers.

Prerequisite(s): ACC 255 .