Sep 20, 2026  
Undergraduate Catalog 2026-2027 
    
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Undergraduate Catalog 2026-2027

BUS 106 Managerial Accounting

Credits: (3)
An introduction to the fundamentals of managerial accounting emphasizing the collection, management and use of accounting information in the decision making process within an organization. Topics include a comparison of the different types of organizations and the impact on their financial statements, long-term debt and equity transactions, reporting and analysis of cash flows, procedures necessary to determine product costs, break-even analysis, profit planning, and cost analysis. The course will incorporate appropriate computer technology in the instruction process. Prerequisite(s): BUS 105 .

Learning Outcomes
  1. Calculate the selling price of a bond using present value techniques.
  2. Calculate cash flows from operating, investing and financing transactions.
  3. Apply vertical and horizontal methods of financial statement analysis.
  4. Assign overhead costs using a predetermined overhead application rate.
  5. Perform Cost-Volume Profit analyses.
  6. Calculate and interpret standard costs and their uses.
  7. Record journal entries for business transactions, to include, but not be limited to:
    -Partnership income allocation        
    -Stockholders’ Equity Transactions
    -Cash and Stock Dividends
    -Bond issuance, interest and retirement
    -Long Term Investments in Debt and Equity
    -Flow of Materials, Labor and Overhead Costs
    -Direct Material and Direct Labor Variances
  8. Prepare the following reports and explain their uses by management:
    -Statement of Cash Flows
    -Manufacturing Cost Statement
    -Contribution Margin Income Statement
  9. Analyze the impact on income of accepting a special order, buying or making a product, changes to the sales mix and discontinuing a product line.