1、Managerial AccountingCourse DescriptionThis course will provide students with the necessary skills to develop competency in the basics of managerial accounting. This course will begin with a financial accounting review and add additional exposure to compiling financial statements. Emphasis will be p
2、laced on analyzing and interpreting financial statements. Students will develop their managerial skills using ratio analysis on the statements they compile. Instruction will also be included in the areas of internal control, budgeting, and payroll.LEARNING OUTCOMES AND COMPETENCIES 1. Compile a set
3、of financial statements for both service and retail organizations.1.1 Explain the content and reporting objectives of various financial statements.1.2 Compile a classified balance sheet.1.3 Compile a multi-step income statement.1.4 Calculate the cash from operations, financing, and investing on a st
4、atement of cash flows.2. Analyze the financial statements of a company.2.1 Identify the objectives of financial statement analysis for bankers, investors, credit managers, and entrepreneurs.2.2 Identify changes and any possible trends in financial statements by preparing vertical and horizontal anal
5、yses for a company.2.3 Calculateoperation evaluation ratios, owners evaluation ratios, and lenders evaluation ratios for an organization.2.4 Evaluateinformation produced by operation evaluation ratios, owners evaluation ratios, and lenders evaluation ratios.3. Account for merchandise inventory activ
6、ities to provide information to all users.3.1 Differentiate between a perpetual and periodic inventory system.3.2 Compute cost of goods sold for a periodic inventory system.3.3 Analyze and record transactions affecting the sale of merchandise.3.4 Analyze and record transactions affecting the purchas
7、es of merchandise.4. Analyze the internal control policies for a company to safeguard their assets. 4.1 Describe internal control and its fundamental principles.4.2 Discuss the limitations of internal control.4.3 Identify controls used to manage cash.4.4 Prepare a bank reconciliation statement.5. Ac
8、count for payroll activities in a business environment.5.1 Identify types of payroll deductions and when deductions are to be made.5.2 Calculate net pay for employees.5.3 Maintain a payroll register.5.4 Calculate employers share of payroll taxes.5.5 Calculate and record employees fringe benefit cost
9、s.5.6 Calculate payment of employers remittances to the government.6. Prepare budgets for an organization.6.1 Determine the benefits of budgeting and the types of budgets typically required for an organization.6.2 Identify the sources of data for preparation of budgets.6.3 Prepare operating budgets for a company.
