SNEDEN GRADUATE PROGRAM | 2019–20
ACCT640 Managerial Accounting
Credit Hours: 3
Contact Hours: 45
Prerequisite: ACCT510
Course Description:
Most of the information required to plan and control business operations, and the data required to
create and sustain a competitive advantage, come from the accounting system and the reports
that are generated. This course analyzes the management structure and process in which this
information is generated, the construction and application of managerial accounting data, cost
behavior and cost assignment. Students will also examine product cost within activity based
costing, job order costing, and process costing. Controlling cost through the use of standard cost
system and budgeting are explored. In addition, this course covers business decision-making
using relevant information from activity costing, variable/fixed analysis, cost-volume-profit
analysis, quality costing, and productivity analysis. Students will analyze and evaluate
managerial accounting functions and decision cases in light of managing a business, making
financing decisions, and generating growth and income within the business firm. Note: A grade
of C or better is required on the final assessment in order to earn a passing grade in this course.
Prerequisite(s): ACCT510
Learning Outcomes:
Upon successful completion of this course, the student will be able to:
1. Compare functional-based and activity-based management accounting systems, including
an assessment of appropriate use in arriving at outcomes that maximize shareholder
value.
2. Analyze how an activity-based job order and process costing system work, including the
types of firms that would use each method, the cost flows, and information sources.
3. Examine the use of standard costing systems and variance analysis as a management tool.
4. Analyze the use of specific management accounting principles such as budgeting, cost-
volume-profit relationships, performance evaluation, segmented reporting, and
management decision making.
5. Assess the background, role, and direction of managerial accounting information as it
relates to managerial decision-making.
6. Evaluate management accounting concepts, including cost assignment procedures and
cost behavior.
Required Textbook(s) and Additional Materials
All Courses
9781260088458
Managerial Accounting
Ray Garrison, Eric Noreen, Peter Brewer
16th / McGraw-Hill
Required / New Only
The access code supplied with the textbook is required for this course.
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life-long learning. These competencies were developed in consultation with business and
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