Principles of Managerial Accounting – ACCT-A202

Studies the generation and analysis of accounting information and its use by managers as they engage in planning, control, and decision-making activities in business and non-business organizations. Topics include product costing, cost-volume-profit analysis, profit planning, variance analysis, and relevant costs for decision making.


ACCT 101 and 102 or ACCT 201 (with a grade of C or better) and CIS A110.

Course Competencies

  • Explain the role of managerial accounting in the business information system.
  • Explain and calculate the assignment of costs to cost objects at a basic level.
  • Define cost behavior for fixed, variable, and mixed costs, and apply basic cost-volume-profit analysis to make projections.
  • Demonstrate knowledge of the basic budgeting process and discuss its role in the management responsibilities of planning, control, and decision making.
  • Describe the basic concepts underlying variance analysis and calculate variances for direct costs of production.
  • Discuss basic methods of performance evaluation in decentralized organizations.
  • Apply relevant cost and revenue analysis to decision making in a variety of organizational situations at a fundamental level.
  • Apply time value of money concepts to capital budgeting decisions at a basic level.

Course Textbooks

Wild, Shaw & Chiappetta (22nd Ed.) (2015). Fundamental Accounting Principles. McGraw-Hill/Irwin, New York, NY.

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