Discipline: ACTG

Course: 212

COURSE NAME: ACTG 212. Fundamentals of Managerial Accounting

A. Catalog Entry

Three hours lecture.

Prerequisite: Sophomore standing.

Comprehensive introduction to the fundamental principles and

procedures of accounting for managerial decision making, planning, control and performance evaluation. ACTG 212 is a

business core requirement.

B. Detailed Description of Content of Course

1. Introduction.

A. Accounting and organizational foundations of managerial accounting.

B. Historical prospecting of managerial accounting.

C. Managerial accounting in competitive environment.

D. Managerial accounting in a global environment.

E. Costs concepts and how costs behave.

F. Managerial accounting and small scale organizations.

2.         Applications of managerial accounting.

A.        Cost-volume-Profit relationships, contribution reporting for internal performance evaluation, responsibility accounting.

B.         Profit planning and control, flexible budgets, control through standard costs. Budgeting in non-profit organizations, capital budgeting.

C.        Activity-based costing (ABC), and activity-based management, (ABM), strategic cost management.

D.        The pricing of goods and services, differential analysis for decision making.

E.         Contemporary issues in managerial accounting, special applications to small and medium size organizations.

C.        Detailed Descriptions of Conduct of Course.

The traditional lecture format will be supplemented with:

1.         Group case analysis/discussion and presentation.

2.         Oral and written communication assignments outside of the traditional problem/exercise based homework.

3.         The use of spreadsheets.

4.         Visit(s) to nearby organizations.

D.        Goals and Objectives of the Course. Upon successful completion of this course, student should be able to:

1.         Understand the role of the accountant in a modern organization.

2.         Understand the decision usefulness of managerial accounting in small and medium sized organizations.

3.         Understand and also construct simple operating budgets.

4.         Interpret simple performance reports based on managerial accounting data.

5.         Make simple choices, given a set of managerial accounting information.

E.         Assessment Measures.

Graded assignments would include in-class tests, written analysis and presentation of cases/problems, oral group presentation of cases/problems, and other outside projects which may be assigned.

F.         Other course Information.

It is unlikely that the objectives of this course can realistically be accomplished in two (2) contact hours with students other than those with exceptional abilities.      

G.                             Review and approval.

Date                    Action      Reviewed by

September 10, 2001      Reviewed    Dr. Dan Davidson, Chair

                                    Department Curriculum Committee