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Thomas Edison State University
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Our courses are approved by the American Council on Education (ACE) — the same body that approves AP and IB — and are accepted for credit by thousands of universities, including yours.
Our courses are approved by the American Council on Education (ACE) — the same body that approves AP and IB — and are accepted for credit by thousands of universities, including yours.
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Learning Outcomes
Managerial Accounting
Upon successful completion of the course, students will be able to: master key managerial accounting concepts, including cost behavior, budgeting, standard costing, and variance analysis, and apply these to managerial decision-making; analyze and interpret financial statements to understand an organization's financial health and its implications for strategic decisions; apply various costing methods in diverse business scenarios for effective decision-making and cost control; develop skills in budget preparation and financial forecasting, assessing their impact on organizational performance; and enhance critical thinking and problem-solving skills for financial analysis, promoting ethical standards in accounting practices and communication
Major Course Topics
Major topics include essentials of corporate governance in managerial accounting; understanding financial statements and balance sheets; diverse cost classifications in accounting; allocation of manufacturing overhead costs; the job order cost system; the dynamics of process cost systems; activity-based costing; cost-volume-profit relationships; strategic decision-making in managerial accounting; pricing strategies and methods in managerial accounting; comprehensive budgeting in managerial accounting; budgetary control and management; the role of standard costs in managerial accounting; essentials of capital budgeting; in-depth analysis of cash flow statements; techniques for financial statement analysis; and technological tools in managerial accounting.
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