ACCT 1811 Managerial Accounting
Course Information
| Course Number | ACCT 1811 |
|---|---|
| Course Title | Managerial Accounting |
| Description | This course focuses on current and long-term liabilities, partnerships, corporations, long-term investments, managerial accounting concepts, job costing, process costing, cost-volume-profit analysis, and capital budgeting. (Prerequisite: ACCT1810 with a grade of C or higher) |
| Total Credits | 4 |
| Total Hours | 64 |
| Instruction Type | Credits and Hours |
|---|---|
| Lecture | 4 Credits, 64 Hours |
Pre/Corequisites
Prerequisite: ACCT1810 Financial Accounting
Institutional Core Competencies
- Communication - Students will be able to demonstrate appropriate and effective interactions with others to achieve their personal, academic, and professional objectives.
- Critical and Creative Thinking - Students will be able to demonstrate purposeful thinking with the goal of using a creative process for developing and building upon ideas and/or the goal of using a critical process for the analyzing and evaluating of ideas.
Course Competencies
- Recognize fixed assets and intangible assets.
- Describe current liabilities and payroll.
- Describe the accounting for partnerships and limited liability companies.
- Discuss income taxes, unusual income items and investments in stocks.
- Describe bonds payable and other long term liabilities.
- Review managerial accounting concepts and principles.
- Demonstrate job order costing.
- Demonstrate a process cost system.
- Illustrate cost behavior and cost-volume-profit analysis.
- Explain the different components of budgeting.
- Describe performance evaluation using variances from standard costs.
- Describe performance evaluation for decentralized operations.
- Describe differential analysis, product pricing, and activity-based costing.
- Demonstrate capital investment analysis.
SCC Accessibility Statement
South Central College strives to make all learning experiences as accessible as possible. If you have a disability and need accommodations for access to this class, contact the Academic Support Center to request and discuss accommodations.
North Mankato: Room B-132, (507) 389-7222; Faribault: Room A-116, (507) 332-7222.
Additional information and forms can be found at: southcentral.edu/disability
This material can be made available in alternative formats by contacting the Academic Support Center at 507-389-7222.