Sep 22, 2020  
2016-2017 Catalog 
2016-2017 Catalog [PAST CATALOG]

BPA 202 - Managerial Accounting

3 credit hours - Three hours weekly; one term.
Learn principles of managerial accounting. Study methods of cost accounting, cost volume profit analysis, capital budgeting, decision-making analysis and budgeting methods. Prepare cash flow statements and perform financial statement analysis.

Prerequisite(s): BPA 201  or permission of department chair.

Note: Credit will not be given for both BPA 202 and BPA 212.

Course Outcomes
Upon successful completion of this course, students will be able to:

  • Demonstrate knowledge of managerial accounting.
    • Compare the differences between financial and managerial accounting.
    • Define the role of managerial accounting in a business environment.
  • Demonstrate knowledge regarding the importance of financial statement analysis.
    • Calculate select financial ratios.
    • Analyze the results of the financial ratio calculations.
    • Compare the results to benchmarks and historical data.
  • Demonstrate knowledge of job order, process costing and activity based accounting.
    • Define job order costing, process costing and activity based accounting.
    • Identify business environments when the various cost accounting methods in 1 would apply.
    • Prepare journal entries that would apply to the three methods.
    • Apply the methods in 1 to selected problems.
  • Demonstrate knowledge of the various cost behavior patterns.
    • Identify the various types of cost behavior.
    • Analyze mixed costs.
    • Define contribution margin.
    • Apply contribution method to selected problems.
  • Demonstrate knowledge of cost volume profit analysis.
    • Define cost-volume-profit analysis.
    • Explain the applications of cost-volume-profit analysis for single and multi-product situations.
    • Apply cost-volume-profit analysis to selected problems.
  • Demonstrate knowledge of incremental analysis for short term decision making.
    • Identify the steps involved in the short term decision making process.
    • Solve problems using the various types of short term decision making circumstances (ie. special-order, make or buy, elimination of unprofitable business segments, sell or process, prioritization of products with constrained resources.)
  • Demonstrate knowledge of capital budgeting.
    • Define capital budgeting.
    • Identify the various models for analyzing capital budget decisions.
    • Apply the time value of money concepts to the appropriate capital budgeting models.
    • Solve problems related to capital budgeting decisions.
  • Demonstrate knowledge of budgets and budgetary control.
    • Identify and define the role of budgets in the planning and control cycle.
    • Prepare operating and financial budgets.
    • Define standard cost systems.
    • Compare master budgets with flexible budgets.
    • Identify direct material and direct labor variances.
    • Identify manufacturing overhead cost variances.
    • Solve problems related to the concepts in 2-6.
  • Demonstrate knowledge of the statement of cash flows.
    • Identify the parts of a cash flow statement.
    • Prepare a cash flow statement using the indirect method.
    • Interpret the cash flow statement.
Core Competencies
Core 1 Communication Core 2 Technology Fluency Core 3 Information Literacy Core 7 Quantitative Reasoning Core 10 Innovative and Critical Thinking