This is a course of study that introduces managerial accounting for economic entities.
I. Overview of Managerial Accounting
1.00 Managerial Accounting and Business Organizations
1.01 Serving information needs of business management (*)
1.02 Cost-benefit analysis for accounting information (*)
1.03 Ethics and integrity
II. Cost Measurement and Decisions
2.00 Cost Concepts and Measurement
2.01 Activities, costs and cost drivers (*)
2.02 Variable, fixed and mixed costs (*)
2.03 Direct and indirect costs (*)
2.04 Costs functions and cost behavior (*)
2.05 Cost accumulation and cost assignment (*)
2.06 Categories of manufacturing cost (*)
2.07 Product and period costs (*)
3.00 Cost-Volume-Profit Analysis
3.01 Cost-volume-profit terminology (*)
3.02 Contribution margin (*)
3.03 Applications of cost-volume-profit analysis (*)
3.04 Sales mix analysis
4.00 Relevant Analysis for Decision Making
4.01 Relevant and irrelevant costs in decision contexts (*)
4.02 A minimum of two of the following specific applications: (*)
a. special order decisions
b. adding and dropping products
c. constrained resources
d. make or buy decisions
e. sell or process further decisions
5.00 Capital Investment Decisions
5.01 Net present value concepts (*)
5.02 Evaluation of individual projects using discounted cash flows and other methods
5.03 Comparison of alternative projects
5.04 Equipment replacement decisions
5.05 Income taxes and cash flow analysis
III. Planning and Control
6.00 Budgeting
6.01 Master budget (*)
6.02 Operational budget (*)
6.03 Cash budget
6.04 Budgets and organizational behavior
7.00 Flexible Budgets and Variance Analysis
7.01 Static and flexible budgets (*)
7.02 Standard costs and prime cost variance analysis (*)
8.00 Management Control
8.01 Budgetary control and responsibility accounting (*)
8.02 Performance measurement (*)
8.03 Balanced scorecard
IV. Product Costing
9.00 Cost Allocation
9.01 Cost objects and cost allocations (*)
9.02 Accounting for manufacturing overhead (*)
9.03 Strengths and weaknesses of allocations
9.04 Variable vs. absorption costing
10.00 Cost Accounting Systems
10.01 Introduction of activity-based costing (ABC) systems (*)
10.02 Characteristics of job-order and process systems (*)
10.03 Job costing and accounting for manufacturing costs
10.04 Basics of Process Costing
Topics marked with an asterisk (*) are considered fundamental and essential.
Core Courses are courses that fulfill lower-level requirements and apply to any transfer path major where they appear. Introduction to Managerial Accounting is universal course description, which maps to specific courses on SUNY campuses. Approved SUNY Transfer Path Core Courses are guaranteed to transfer to fulfill requirements in the major and/or required cognates (not just as electives) at all SUNY campuses if the course is completed with a grade of C or better.1 You may Search for Core Course equivalents using the Transfer Navigator.
1 While a grade of C or better is guaranteed, campuses can have different policies where they accept a passing grade lower than C. Pass/Fail courses may be accepted at the discretion of the campus, but transfer is not guaranteed.