Managerial Accounting: Cost Analysis, Decision Making, and

School: California State University, Long Beach - Course: ACCT 100 - Subject: Accounting

ACCT 202 I.General Information Course number: ACCT 202 Title: Managerial Accounting Units: 3 credits Prerequisites: ACCT 201 Course Instructor: Dr. Ping Lin E-mail:[email protected] Office hour:zoom office hourTuTh 9:50-10:50am; or by appointment E-mail response: Student emails will be responded to within 48 hours. Please state ACCT202.11 and your namein the subject line when email. Call#SectionClass Periods 7186Section118/22 - 12/9/2022 II.Catalog Description Accounting for and analysis of costs; cost management; use of accounting and cost data for planning and decision making; product costing, activity-based costing (ABC); break-even and cost-volume-profit analysis; budgeting as a tool for profit planning; evaluation of internal control and systems; nonroutine decisions, capital budgeting; continuous improvement (CI); balanced scorecard (BSC); target costing; quality costs; just-in-time (JIT). III.Curriculum Justification The curriculum is designed to teach (1) critical thinking skills through such managerial accounting topics as the role of cost accounting information for management and business strategy development. (2) As for business functions, the course covers topics such as cost accumulation systems for inventory valuation and income determination. (3) For quantitative and technical skills, the course addresses such profit planning tools such as cost-volume-profit analysis and budgeting.In this course we do not attempt to address ethics and interpersonal and communication skills goals. IV.Course Objectives Learning goals - Critical Thinking: (a) Students will be able to apply accounting information in management decision making and demonstrate how management accounting contribute to business strategy development. (b)Students will be able to differentiate product vs. period costs, direct vs. indirect costs, and fixed vs. variable costs. Learning goals - Business Functions:(a) Students will be able to use normal costing system to determine overhead application rate, allocate overhead to products and services, and dispose under or over-applied overhead. (b) Students will be able to describe the cost flow in a job order costing system, prepare schedules of cost of goods manufactured, cost of goods sold and present income statement. 1 Fall 2022ACCT 202 Learning goals-Quantitative and Technical Skills:(a) Students will be able to conduct break-even and cost-volume-profit analysis for both single and multiple products; and to determine margin of safety and operating leverage. (b) Students will be able to demonstrate the relationship between company strategy and budgets, and prepare master budgets, including cash budget. V.Outline of Subject Matter Required Textbook: Managerial Accounting By Weygandt, Kimmel and Kieso, 9th edition, Wiley Publishing Chapter Topics: 1Managerial Accounting 2Job-order Costing 4Activity-based Costing 5Cost-Volume-Profit 6CVP Analysis- Additional Issues 7Incremental Analysis 8Pricing 9Budgetary Planning 10 Budgetary Control and Responsibility Accounting 11Standard Costs and Balanced Scorecard Equipment / material/ technology requirements Access to a computer with functional camera and high-speed internet connection Standard MS Office software Calculator