Managerial Accounting II

Course Description

A continuation of Managerial Accounting I, this course covers additional managerial accounting topics for decision-making including relevant costs, balanced scorecard, value added and non-value added costs, allocations of indirect costs using direct, step, and reciprocal methods, allocating joint cost, main and by-product costing, determination of Economic Order Quantity (EOQ), accounting for spoilage, transfer pricing, performance measurement, and capital budgeting techniques.

Learning Outcomes

  • Differentiate between relevant and irrelevant costs/revenues in choosing among alternatives such ‘make or buy’, rent or lease, etc., and understand the importance of including not only quantitative but also qualitative factors in the decision-making process.
  • Distinguish short-run from long-run pricing decisions including target-costing approach.
  • Evaluate business performance using the four perspective of balanced scorecard.
  • Apply the concept of ‘cost pools’ and bases for allocation using the direct allocation, step-down allocation, and reciprocal methods, as well as accounting for joint costs, by-product costs, spoilage, rework, and scrap.
  • Apply economic order quantity theory as a tool for the management and inventory control of materials.
  • Use capital budgeting techniques such as discounted cash flows, net present value, internal rate of return, payback method, accrual accounting rate-of-return return, and sensitivity analysis to evaluate long-term investment alternatives.
  • Apply transfer pricing concepts in setting appropriate domestic and international transfer prices.
  • Analyze return on investment using the DuPont method, residual income, and economic value methods to evaluate performance as an integral part of management control system.

Prerequisites

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School of Business and Management

“Our business and management programs equip students with the knowledge and tools needed to lead their organizations and stay competitive in the job marketplace.”
School of Business and Management
Asya W.
Class of 2009