ACCT 240 - Managerial Accounting

School: Santa Barbara City College - Course: ACCT 240 - Subject: Accounting

1/31/23, 2:00 PMSanta Barbara City College Course Outline https://sbcc.curricunet.com/DynamicReports/AllFieldsReportByEntity/8?entityType=Course&reportId=3161/9Santa Barbara City College Course Outline ACCT 240 - Managerial Accounting Department Subject Area and Course Number ACCT 240 TitleManagerial Accounting Disciplines Accounting (Masters Required) Units 4.000 Repeatability0 - May not be repeated Catalog Course Description (4) F, S - CSU, UC Prerequisites: ACCT 230 Skills Advisories: Math 4 and eligibility for ENG 110 or ENG 110H or ENG 110GB Study and application of managerial accounting concepts, and procedures. Includes job-order and process costing systems design, cost behavior analysis, cost-volume-profit analysis, standard costing, activity-based costing, ﬂexible budgets, cost variance analysis, responsibility accounting, relevant costs for decision- making, capital budgeting decisions, and service department cost allocation to operating departments. (CAN BUS 4 or CAN BUS SEQ A [with ACCT 230]) Description for Schedule of Classes Study and application of managerial accounting concepts and procedures. (TR: CSU/UC) *PREREQ: ACCT 230. *SKILLS ADVISORY: Math 4; eligibility for English 110 or 110H or 110GB. Lecture Hours Lab Hours Out-of-Class-Hours Total Hours Prerequisite: None Prerequisite or Corequisite: None Concurrent Corequisite: None Course Advisories: None Limitation on Enrollment: None Course Objectives:

1/31/23, 2:00 PMSanta Barbara City College Course Outline https://sbcc.curricunet.com/DynamicReports/AllFieldsReportByEntity/8?entityType=Course&reportId=3162/91.Analyze manufacturing and service operations, and design ad hoc costing systems. 2.Classify and analyze costs by function and behavior, and perform Cost-Volume-Profit (CVP) analysis. 3.Analyze traceable and common costs, and prepare segment reports. 4.Analyze results of operations using the contribution and the absorption approaches. 5.Develop, analyze, and use static and ﬂexible budgets. 6.Determine standard costs, measure and analyze variances. 7.Determine transfer prices and make pricing decisions under cost-plus, absorption and contribution approaches for regular and new products. 8.Recognize relevant costs, allocate joint costs, and make short-term decisions of the "Add-Drop, Make-Buy, Sell-Process Further, etc." type. 9.Develop, analyze, and use capital budgets, and make long-term capital investment decisions. 10.Allocate costs to manufacturing and service departments. Student Learning Outcomes 1.Define the basic managerial accounting terms and apply those terms on a conceptual basis. 2.Calculate costs of products and services under job-order costing, process costing, and activity- based costing. 3.Differentiate the behavior of costs (i.e., variable, fixed, and mixed costs). 4.Perform cost-volume-profit analysis to determine break-even point in sales, or sales volume necessary to achieve a desired net operating income. SBCC general rating scale 5.Calculate standard and normal costs for preparation of budgets, and compute and analyze cost variances. 6.Apply the time value of money concept for long-term capital budgeting decisions.