This course is a continuation of Financial Accounting with the focus shifted to the internal needs of managers. The course offers students an understanding of managerial accounting techniques used in today’s modern business world.

Learning Objectives and Outcomes:

By the end of this course students will be able to:

1. Recognize, understand, and make business decisions based on data compiled from job order, process, and activity-based costing methods.
2. Use cost-volume-profit modeling to determine break-even points and to project earnings.
3. Perform differential analysis.
4. Use capital and operating (including flexible models) budgets in the decision making process.
5. Use the statement of cash flows, trend analysis, and ratio analysis in making management decisions.

Course Schedule and Topics

This course will cover the following topics in eight learning sessions, with one Unit per week. The Final Exam will take place during Week/Unit 9 (UoPeople time).
Week 1: Unit 1 – Introduction to Managerial Accounting and using job order costing to track production costs
Week 2: Unit 2 – Using activity-based accounting (ABC) to allocate overhead costs

Week 3: Unit 3 – Using process costing to track production costs

Week 4: Unit 4 – Identifying cost behavior patterns and using cost-volume-profit analysis for decision making

Week 5: Unit 5 – Making decisions based on relevant revenues and costs

Week 6: Unit 6 -Using capital and operating budgets to make sound business decisions

Week 7: Unit 7 -The roles cost variance analysis and de-centralized organization play in performance evaluation

Week 8: Unit 8 – Using financial and non-financial performance measures. Using the statement of cash flows as a management tool

Week 9: Unit 9 -Course Review and Final Exam

Learning Guide

The following is an outline of how this course will be conducted, with suggested best practices for students.

Unit 1: Introduction to Managerial Accounting and using job order costing to track production costs

● Read the Learning Guide and Reading Assignments (complete end-of-chapter questions)
● Participate in the Discussion Assignment (post, comment, and rate in the Discussion Forum)
● Complete and submit the Accounting Assignment
● Make entries to the Learning Journal
● Take the Self-Quiz

Unit 2: Using activity-based accounting (ABC) to allocate overhead costs

● Peer assess Unit 1 Accounting Assignment
● Read the Learning Guide and Reading Assignments (complete end-of-chapter questions)
● Participate in the Discussion Assignment (post, comment, and rate in the Discussion Forum)
● Complete and submit the Accounting Assignment
● Make entries to the Learning Journal
● Take the Self-Quiz

Unit 3: Using process costing to track production costs

● Peer assess Unit 2 Accounting Assignment
● Read the Learning Guide and Reading Assignments (complete end-of-chapter questions)
● Participate in the Discussion Assignment (post, comment, and rate in the Discussion Forum)
● Complete and submit the Accounting Assignment
● Make entries to the Learning Journal
● Take the Self-Quiz
● Take the Graded Quiz

Unit 4: Identifying cost behavior patterns and using cost-volume-profit analysis for decision making

● Peer assess Unit 3 Accounting Assignment
● Read the Learning Guide and Reading Assignments (complete end-of-chapter questions)
● Participate in the Discussion Assignment (post, comment, and rate in the Discussion Forum)
● Complete and submit the Accounting Assignment
● Make entries to the Learning Journal
● Take the Self-Quiz

Unit 5: Making decisions based on relevant revenues and costs

● Peer assess Unit 4 Accounting Assignment
● Read the Learning Guide and Reading Assignments (complete end-of-chapter questions)
● Participate in the Discussion Assignment (post, comment, and rate in the Discussion Forum)
● Complete and submit the Accounting Assignment
● Make entries to the Learning Journal
● Take the Self-Quiz

Unit 6: Using capital and operating budgets to make sound business decisions

● Peer assess Unit 5 Accounting Assignment
● Read the Learning Guide and Reading Assignments (complete end-of-chapter questions)
● Participate in the Discussion Assignment (post, comment, and rate in the Discussion Forum)
● Make entries to the Learning Journal
● Take the Self-Quiz
● Take the Graded Quiz

Unit 7: The roles cost variance analysis and de-centralized organization play in performance evaluation

● Peer assess Unit 6 Accounting Assignment
● Read the Learning Guide and Reading Assignments (complete end-of-chapter questions)
● Participate in the Discussion Assignment (post, comment, and rate in the Discussion Forum)
● Complete and submit the Accounting Assignment
● Make entries to the Learning Journal
● Take the Self-Quiz

Unit 8: Using financial and non-financial performance measures. Using the statement of cash flows as a management tool

● Peer assess Unit 7 Accounting Assignment
● Read the Learning Guide and Reading Assignments (complete end-of-chapter questions)
● Make entries to the Learning Journal
● Take the Self-Quiz
● Read the Unit 9 Learning Guide carefully for instructions on the Final Exam
● Take the Review Quiz

Unit 9: Course Review and Final Exam

● Read the Learning Guide and take the Review Quiz, if you haven’t already done so
● Prepare for, take, and submit the Final Exam
● The Final Exam will take place during the Thursday and Sunday of Week/Unit 9 (UoPeople time); exact dates, times, and other details will be provided accordingly by your instructor