BUS105: MANAGERIAL ACCOUNTING
Details
As you might expect, different managers have different needs. However, almost all management decisions deal with the same key issues: cost, price, and profit. This course will examine this sort of decision-making, identifying the tools and methods managers
use to make the best-informed decisions possible. We will begin with an introduction to the terms that will be referenced in the later units. We will then discuss the various methods and theories that managers deploy when tracking costs and profits. The
final section will explain how managers report the overall performance of a firm or department for internal use. Upon completion of this course, students will be better prepared to make informed decisions within a firm.
Learning Outcomes
- Identify and compare and contrast financial accounting and managerial accounting in terms of audience, reporting, time frame, and use of information.
- Describe, analyze, and record transactions of a manufacturing business.
- Calculate and use cost information to support operating and strategic decisions regarding products, customers, and long-term assets.
- Explain how managerial accounting information facilitates planning, controlling, and decision-making activities.
- Interpret time value of money calculations to make a capital budgeting decision.
- Describe why managerial accounting requires a cross-functional team.
√ Have access to a computer.
√ Have continuous broadband Internet access.
√ Have the ability/permission to install plug-ins or software (e.g., Adobe Reader or Flash).
√ Have the ability to download and save files and documents to a computer.
√ Have the ability to open Microsoft files and documents (.doc, .ppt, .xls, etc.).
√ Be competent in the English language.
√ Have read the Saylor Student Handbook.Saylor Academy’s mission is to open education to all.
Saylor Academy’s mission is sustained by the continued evolution of an open educational ecosystem, and we are dedicated partners in this movement. Saylor’s commitment to the open education ecosystem is founded not just on open educational resources and open source learning technologies, but also on open access to credentials, and ongoing open learning opportunities.
Guided by these beliefs, Saylor Academy is currently focused on the following projects:
Open Courses: Maintenance and Learner-Centered Improvements
- A commitment to the OER community means that we’ll continue to replace open access materials with openly licensed ones in an effort to make Saylor courseware as reusable and remixable as possible.
- Open courses require more instructional supports for learners, so our current improvements focus on ensuring better and more frequent opportunities for Saylor students to practice what they’re learning.
Open Credentials: Adding New Opportunities and Bolstering Existing Ones
- We’re working on expanding our suite of Saylor Direct credit recommended exams, and we’re also keen on working with university partners to develop innovative and flexible partner degree launching and completion programs. ...
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