| 10% |
Identify the need for managerial accounting information in operating a business and making business decisions. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
| 10% |
Recognize and apply cost concepts, classification, and terminology. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
| 10% |
Prepare budgets for sales, production, direct materials and labor. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
| 10% |
Prepare flexible and static budgets and analyze variances. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
| 10% |
Apply standard cost concepts. Compute and analyze direct material, direct labor, and overhead variances. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
| 10% |
Identify relevant and irrelevant costs and use differential analysis in solving various decision-making situations. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
| 10% |
Use capital budgeting analysis tools such as net present value, payback, and internal rate of return to make screening and preference decisions. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
| 10% |
Assess financial performance using comparative and common-size financial statements and financial ratio analysis. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
| 10% |
Apply cost accounting concepts using a computerized accounting system. |
20% |
20% |
20% |
20% |
20% |
20,
20,
20,
20,
20
|
|
