Management Accounting Course in an MBA program

Identify, measure, analyze, interpret and communicate financial information to managers to support internal decision making. Explore cost accounting as a key subset and contrast managerial accounting with financial accounting.

Distinguish direct and indirect costs, categorize manufacturing costs into direct materials, direct labor, and overhead, and compute cost of goods manufactured with raw materials, work in process, and finished goods.

Identify cost objects and distinguish direct material, direct labor, and manufacturing overhead as product costs, then compute cost of goods manufactured within the value chain.

Test your understanding of manufacturing costs, including direct material, direct labor overhead, product costs, and period costs, through an interactive quiz with an 80 percent pass rate.

Explore planning tools in management accounting, including job costing, process costing, and activity-based costing, and understand how costs behave as activities change.

Assess how costs behave with business activity to aid planning and control, including variable costs that rise with activity, fixed costs that stay constant, and mixed costs.

Explore the CVP income statement, which classifies costs as variable or fixed to reveal contribution margin and the cost structure, guiding decisions on selling price, product mix, and production facilities.

Southwest leveraged cost knowledge to profit in a high fixed-cost industry. It used a single aircraft type, point-to-point routing, quick turnarounds, and direct distribution to maximize utilization and lower costs.

Explore break even analysis to determine units or sales dollars needed to achieve target net income, using fixed costs, contribution margin per unit or ratio, and margin of safety.

Apply cost-volume-profit analysis to predict profit from costs and sales volume, using contribution margins, break-even, and margin of safety for pricing and production decisions.

Learn how to use sales mix and weighted average contribution margin to compute break-even, with a tables-and-chairs example showing 12,000 unit break-even and a 1:4 mix.

Explore cost-volume-profit analysis for multiproduct firms by calculating weighted average contribution margin, break-even sales, and target net income, considering sales mix and operating leverage.

test your understanding of cost-volume-profit analysis, target net income, and the margin of safety through an interactive quiz with a link, aiming for an 80 percent pass rate.