Sep 22, 2020
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.
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 1 Communication Core 2 Technology Fluency Core 3 Information Literacy Core 7 Quantitative Reasoning Core 10 Innovative and Critical Thinking