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Official Course
Description: MCCCD Approval: 5-23-1995 |
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ACC212
1995 Fall – 2011 Summer II |
LEC
3.0 Credit(s) 3.0 Period(s) 3.0 Load Occ |
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Managerial
Accounting |
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Development
and analysis of accounting information for managerial planning and control. Prerequisites: A grade of "C"
or better in (ACC111 and ACC112) , or ACC211, and (CIS105 or permission of
department/division). |
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Go to Competencies Go to Outline
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MCCCD
Official Course Competencies: |
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ACC212 1995
Fall – 2011 Summer II |
Managerial Accounting |
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1.
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Describe the differences and similarities of financial and
managerial accounting. (I, XVI) |
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2.
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Define the terms and explain the concepts applicable to a
cost accumulation system. (II) |
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3.
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Describe the journal entries and inventory valuation
system for job order cost accounting. (III) |
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4.
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Prepare a process cost summary report. (III) |
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5.
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Describe the cost behavior of fixed, variable, and mixed
costs. (IV) |
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6.
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Calculate contribution margin, contribution rate, and
break-even point. (V) |
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7.
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Describe the basic allocation process for segmented
reporting. (VI) |
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8.
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Describe the purpose and uses of budgeting. (VII) |
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9.
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Prepare all budgets applicable to the master budget. (VII)
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10.
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Describe standard costs. (VIII) |
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11.
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Calculate material and labor variances. (VIII) |
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12.
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Prepare a flexible budget. (IX) |
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13.
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Calculate overhead variances. (IX) |
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14.
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Describe accounting for a decentralized operation. (X) |
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15.
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Calculate return on investment. (X) |
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16.
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Describe cost concepts applicable to decision making. (XI)
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17.
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Use different cost-plus pricing formulas to determine the
price of goods and/or services. (XII) |
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18.
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Use the present value concept to determine if and when
capital items should be acquired. (XIII) |
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19.
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Describe concepts of after tax cost and depreciation tax
shield. (XIV) |
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20.
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Describe guidelines and concepts applicable to the
allocation of costs among departments. (XV) |
Go to Description Go to top of
Competencies
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MCCCD
Official Course Outline: |
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ACC212 1995
Fall – 2011 Summer II |
Managerial Accounting |
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I. Managerial accounting -
a perspective II. Cost terms, concepts,
and classifications III. Cost accumulation for
product costing IV. Cost behavior patterns V. Cost-volume-profit
relationships VI. Segmented reporting VII. Profit planning VIII. Control through
standard costs IX. Flexible budgets and
overhead analysis X. Control of decentralized
operation XI. Relevant costs in nonroutine decisions XII. Pricing decisions XIII. Capital decisions XIV. Aspects of investment
decisions XV. Service department cost
allocations XVI. Financial analysis for
management use |