Managerial Accounting –


(3 credits)

This course provides an introduction to managerial accounting and covers various fundamental concepts relating to the accounting environment. Topics include: short-term and long-term financial assets, current and long-term liabilities, contributed capital, stock holder equity, the analysis of financial statements, and cost concepts and allocation.
This undergraduate-level course is 9 weeks. This course is available as part of a degree or certificate program. To enroll, speak with an Enrollment Advisor.

Short-Term Financial Assets

  • CheckPoint: Ethics and Computing Depreciation
  • Compute accounts receivable turnover.
  • Use the allowance method to account for addressing uncollectible accounts.
  • Perform accounting entries for promissory notes.

Long-Term Financial Assets

  • Record the disposal of depreciable assets.
  • Identify management issues associated with depreciation methods.
  • Account for the cost of property, plant, and equipment.
  • Compute depreciation using the straight-line, production, and declining-balance methods.

Current Liabilities

  • Classify liability types.
  • Prepare payroll related journal entries.
  • Identify ethical issues relating to current liabilities.

Contributed Capital

  • Record stock issuances.
  • Calculate dividends and stock splits.
  • Compute earnings per share.

Long -Term Liabilities

  • Identify different bond terms.
  • Examine practices associated with the issuance of bonds.
  • Calculate amortization of bond discounts and premiums using standard methods.

Statement of Cash Flows

  • Prepare a statement of cash flows using the indirect method.
  • Analyze sources and uses of cash.
  • Analyze a statement of cash flows.

Financial Statement Analysis

  • Evaluate financial statements using horizontal analysis, trend analysis, vertical analysis, and ratio analysis.

Managerial Accounting Concepts and Principles

  • Differentiate between managerial and financial accounting practices.
  • Describe the lean business model.
  • Define product costs and period costs.
  • Prepare a manufacturing statement.

Financial Health Analysis

  • Appraise the financial health of a company based on various financial sources.

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