ACC102

Introduction to Managerial Accounting

The concepts and principles of managerial accounting as they apply to financial statements including the statement of cash flows are developed from a user perspective. Topics include manufacturing accounting, cost-volume-profit analysis, decision making, cost accumulation and allocation, 预算, performance evaluation, responsibility accounting, capital 预算, cost accounting systems and financial statement analysis. Prerequisite: ACC101.

Course Learning Outcomes:

1. Distinguish between managerial and financial accounting.
2. Identify the components of product cost in a manufacturing company.
3. Analyze costs as fixed, variable, or semi-variable.
4. Calculate break-even point or target profit using contribution margin.
5. Explain the relationship of costs and volume to profit.
6. Analyze special decisions (special order, 外包, segment elimination, and asset replacement) using the concept of cost hierarchy.
7. Allocate costs by selecting appropriate cost drivers in calculations, especially for joint products.
8. Prepare various budgets used in planning (sales, purchases, expenses, and cash).
9. Prepare flexible budgets to compute revenue or cost variances between static and actual amounts.
10. Evaluate investment opportunities using return on investment or residual income techniques.
11. Analyze capital investment opportunities by calculating net present value, internal rate of return, 回报, or unadjusted rate of return.
12. Record business events of a manufacturing entity, including the flow of costs from raw materials to the sale of goods.
13. Record business events for various accounting systems, especially job order or process costing.
14. Calculate various financial analyses (horizontal, vertical, and ratio).

Effective Term: 2020年秋季

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