Course Description

ACCT 215H: Managerial Accounting (Honors)

Information is vital to the management process and accounting is one of the primary information systems within any organization. A sound understanding of how managers can use the information provided by the firm’s accounting system is necessary for managers to fulfill their organizational roles responsibly and competently. Accordingly, future managers should view managerial accounting as one of the most important topics for them to study in order to manage effectively. Managerial Accounting will provide an introduction to the use of accounting information for planning operations, controlling activities and evaluating the performance of an organization and its subunits. Topics will include cost terminology, cost classifications, cost behavior, cost-volume-profit analysis, the budgeting process, performance evaluation, and numerous ways in which accounting data can be used for internal managerial decisions.

The Managerial Accounting course ties in directly into three of the four Accounting Program learning goals in that students will be required to demonstrate: (1) the technical knowledge necessary for entry-level business positions; (2) critical thinking skills; and, (3) an understanding of the ethical responsibilities of the accounting profession.  Students must take either ACCTG 215 or ACCTG 215H.