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Home 2015-2016 Undergraduate College Catalog Course Offerings Finance (Graduate Program) Courses MFIN 5600: Managerial Accounting (3 cr.)

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MFIN 5600: Managerial Accounting (3 cr.)

Managerial Accounting is a specialization

within the field of accounting that is

concerned with providing the information that

is needed for effective planning, controlling,

directing and decision-making by an

organization. Managerial accounting can be used

for several essential applications, such as

determining optimal pricing policies, analyzing

employee performance, controlling expenses and

implementing cost/benefit analysis for

potential expenditures. The course provides

an overview of cost accounting fundamentals;

such as direct and indirect costs, fixed and

variable costs, etc. These concepts are used

as the foundation for effective decision

making, based on techniques such as

cost-volume-profit (CVP) analysis, job costing,

activity-based costing, etc. CVP is an

essential tool for decision making and can be

used to plan variable and fixed costs and

implement cost-benefit analysis. Job costing

and activity-based costing are used to allocate

costs to different aspects of the production of

goods and services. Capital budgeting, which

enables a corporation to choose from among

several competing investment projects as well

as techniques for efficient planning, including

the production of budgets, and proper planning

of inventories and capacity utilization are

also covered. Classroom Instruction.

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