ACCT085 - Managerial Accounting Fundamentals
Course Description
In this course, you will be introduced to the fundamental principles of managerial accounting. By the end of the course, you will understand the basic principles of managerial accounting, identify relevant costs and their use in decision-making, and apply cost allocations, budgets, and benchmark plans.
Managerial Accounting Fundamentals also serves as preparation for applicants of RRU's Graduate and Undergraduate programs.
Course Outline
In this course, you will:
- Understand the structure and format of financial statements
- Explore the meaning and implications of financial statements
- Identify the roles and responsibilities of users of financial statements
- Learn the debits and credits system
- Manage liabilities and payables transactions
Throughout the course, you will engage in practical exercises and case studies to reinforce your learning and prepare you for more advanced studies in managerial accounting.
Learner Outcomes
By the end of this course, you will be able to:
- Understand and apply the fundamental principles of managerial accounting
- Identify and utilize relevant costs in decision-making processes
- Implement cost allocation methods
- Create and manage effective budgets
- Develop and use benchmark plans for organizational improvement
- Prepare for RRU's Graduate and Undergraduate programs in managerial accounting
Notes
For students that are re-taking this course you may be eligible for a discount. Please contact us for more information.
If you are taking this course as a condition of admission to an undergraduate or graduate program at RRU, please note that the minimum passing grade is C- (60%) for undergraduate programs and B- (70%) for graduate programs.
Required Textbook and WileyPLUS Access:
A textbook is required for this course and must be purchased or arranged by the student before the course starts.
Please note: The cost of the course does not include the textbook or WileyPLUS registration. These are separate expenses.
Access to WileyPLUS is required for completion of this course.
- If you purchased WileyPLUS for ACCT080 or ACCT090, you may continue using the same WileyPLUS access.
- If you do not already have access, you will need to purchase WileyPLUS registration, which is an additional cost not included in course tuition or fees.
- You can register for the applicable section at www.wileyplus.com.
- Please note that you can purchase an electronic copy of the text when registering for Wiley Plus. There are a few options for you to pick from depending on your preference.
You will receive additional information closer to your course start date.