About BAM107B — Managerial Accounting, Part 2
This course serves as Part 2 to Managerial Accounting, students delve into profit planning and flexible budgets, exploring the role of budgeting in planning, control, and decision making. Students also learn how to prepare operating and financial budgets, as well as flexible budgets for planning and performance reporting. The course covers standard costing and variance analysis, explaining fundamental elements of a standard cost system and how to calculate and use material, labor, and overhead variances for control. Performance evaluation and decentralization are discussed, including topics like return on investment, residual income, and the role of transfer pricing. Capital investment decisions are examined, with a focus on investment approaches, payback period, net present value analysis, and the role of post audits. The course also covers emerging topics such as enterprise risk management, lean manufacturing, and the international role of management accountants. Additionally, you'll learn about statement of cash flows and financial statement analysis, including common-size analysis and ratio assessment for liquidity, leverage, and profitability. Overall, this course offers a robust and easily accessible foundation in managerial accounting principles.
