Prerequisite: Sophomore standing and successful completion of Accounting 201
Text: Managerial Accounting, 11th Edition by Garrison and Noreen
Optional Text: The books website and Book CD
Course Objectives:
The primary objective of this course is to provide a study of the objectives, preparation and uses of managerial accounting information primarily from a user perspective. Acknowledging the greater need for a user perspective, the authors of your text have explained:
" . . . the emphasis of Managerial Accounting is on uses of accounting data within an organization by its managers. Managers need information to carry out three essential functions in an organization: (1) planning operations, (2) controlling activities, and (3) making decisions. The purpose of (this course) is to show what kind of information is needed, where this information can be obtained, and how this information can be used by managers as they carry out their planning, controlling, and decision making responsibilities."
Specific objectives include providing students with an:
1. understanding of costs and their behaviors,
2. understanding of systems designs for tracking costs,
3. understanding of the budgeting process and the reports that accompany that process, as well as other reports necessary for managerial decisions, and
4. awareness of the ethical problems encountered in a managerial accounting setting.