A study of the fundamentals of managerial accounting with an emphasis on financial statement analysis, cost accounting measurement systems, cost-volume-profit analysis, managerial decision-making concepts, operational budgeting, standard cost systems and capital budgeting.
For information regarding prerequisites for this course, please refer to the Academic Course Catalog.
A foundational course in principles of accounting designed primarily for accounting and business students as part of an integrated business education and also useful for any major who wishes to understand the language of business.
Measurable Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Apply managerial accounting principles. (Program Learning Outcomes 1 & 3 – Introduced)
- Estimate costs using job order and process costing. (Program Learning Outcomes 1 & 3 – Introduced)
- Prepare master and flexible budgets. (Program Learning Outcomes 1 & 3 – Introduced)
- Integrate biblical principles related to managerial accounting. (Program Learning Outcome 4 – Emphasize)
Textbook readings and lecture presentations
Course Requirements Checklist
After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.
Connect Homework (8)
The student will be assigned homework to complete in Connect. The homework will consist of exercises, problems, and SmartBook/LearnSmart activities. All assignments for a given module/week are divided into weekly folders inside of the Connect system.
Faith Integration Project
The student will be assigned to a group. A minimum 1000-word essay will be worked on as a group and then posted to the Discussion Board Forum and submitted via SafeAssign. The focus of this project is how the Bible relates to the topics covered in the course. It is strongly encouraged that the student reply to at least 2 other groups. An integration of the Bible must be explicitly shown in relation to a course topic in order to receive credit. In addition, at least 2 other outside, scholarly sources (the text may count as 1) must be used to substantiate the group’s position.
Individual Learning Project
The student will explore a company’s annual report and answer 55 questions based on the annual report. The student will choose a company whose company name begins with the same letter as the student’s last name.
Connect Exams (4)
There will be 4 exams to be completed through Connect. The questions will be true/false and multiple-choice, and vary in number depending on the exam. Questions may contain calculations. Exams 2–4 will be cumulative.