MCCCD Program Description

Managerial Accounting

Course: ACC212

First Term: 2011 Fall

Lecture 3 Credit(s) 3 Period(s) 3 Load
Subject Type: Occupational
Load Formula: S

Description: Development and analysis of accounting information for managerial planning and control

MCCCD Official Course Competencies
1. Describe the differences and similarities of financial and managerial accounting. (I, XVI) 2. Define the terms and explain the concepts applicable to a cost accumulation system. (II) 3. Describe the journal entries and inventory valuation system for job order cost accounting. (III) 4. Prepare a process cost summary report. (III) 5. Describe the cost behavior of fixed, variable, and mixed costs. (IV) 6. Calculate contribution margin, contribution rate, and break-even point. (V) 7. Describe the basic allocation process for segmented reporting. (VI) 8. Describe the purpose and uses of budgeting. (VII) 9. Prepare all budgets applicable to the master budget. (VII) 10. Describe standard costs. (VIII) 11. Calculate material and labor variances. (VIII) 12. Prepare a flexible budget. (IX) 13. Calculate overhead variances. (IX) 14. Describe accounting for a decentralized operation. (X) 15. Calculate return on investment. (X) 16. Describe cost concepts applicable to decision making. (XI) 17. Use different cost-plus pricing formulas to determine the price of goods and/or services. (XII) 18. Use the present value concept to determine if and when capital items should be acquired. (XIII) 19. Describe concepts of after tax cost and depreciation tax shield. (XIV) 20. Describe guidelines and concepts applicable to the allocation of costs among departments. (XV)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.

MCCCD Official Course Outline
I. Managerial accounting - a perspective II. Cost terms, concepts, and classifications III. Cost accumulation for product costing IV. Cost behavior patterns V. Cost-volume-profit relationships VI. Segmented reporting VII. Profit planning VIII. Control through standard costs IX. Flexible budgets and overhead analysis X. Control of decentralized operation XI. Relevant costs in non-routine decisions XII. Pricing decisions XIII. Capital decisions XIV. Aspects of investment decisions XV. Service department cost allocations XVI. Financial analysis for management use

MCCCD Governing Board Approval Date: 5/23/1995

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.