ACC 341 - Cost and Managerial Accounting Practice

Credit Hours: 3

Examines how managers use cost accounting data in the task of conducting businesses. Highlights the benefits of a thorough understanding of accounting information. Broadly exposes how management accountants contribute to the internal decision-making process. Topics include determining cost behavior, cost relevance and the decision process, pricing decisions, management control systems, cost management in the context of quality and time, inventory management, decentralization and transfer compensation, cost-volume-profit and budgeting, and control.

Prerequisite: ACC 222