Maricopa Community Colleges  ACC212   19956-99999 

Official Course Description: MCCCD Approval: 5-23-1995

ACC212  1995 Fall – 2011 Summer II

LEC  3.0 Credit(s)  3.0 Period(s)  3.0 Load  Occ

Managerial Accounting

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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MCCCD Official Course Competencies:

 

ACC212  1995 Fall – 2011 Summer II

Managerial Accounting

 

1.

Describe the differences and similarities of financial and managerial accounting. (I, XVI)

2.

Define the terms and explain the concepts applicable to a cost accumulation system. (II)

3.

Describe the journal entries and inventory valuation system for job order cost accounting. (III)

4.

Prepare a process cost summary report. (III)

5.

Describe the cost behavior of fixed, variable, and mixed costs. (IV)

6.

Calculate contribution margin, contribution rate, and break-even point. (V)

7.

Describe the basic allocation process for segmented reporting. (VI)

8.

Describe the purpose and uses of budgeting. (VII)

9.

Prepare all budgets applicable to the master budget. (VII)

10.

Describe standard costs. (VIII)

11.

Calculate material and labor variances. (VIII)

12.

Prepare a flexible budget. (IX)

13.

Calculate overhead variances. (IX)

14.

Describe accounting for a decentralized operation. (X)

15.

Calculate return on investment. (X)

16.

Describe cost concepts applicable to decision making. (XI)

17.

Use different cost-plus pricing formulas to determine the price of goods and/or services. (XII)

18.

Use the present value concept to determine if and when capital items should be acquired. (XIII)

19.

Describe concepts of after tax cost and depreciation tax shield. (XIV)

20.

Describe guidelines and concepts applicable to the allocation of costs among departments. (XV)

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MCCCD Official Course Outline:

 

ACC212  1995 Fall – 2011 Summer II

Managerial Accounting

 

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

 

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