ACCT346 Managerial Accounting
Week 1 Discussion
MANAGERIAL VERSUS FINANCIAL ACCOUNTING, ETHICS, AND ETHICAL BEHAVIOR
Flexibility, timeliness, and forward looking are said to be the prominent traits of modern management accounting, whereas standardization and consistency describe financial accounting. Explain why the focus on these two accounting systems differs.
ACCT346 Managerial Accounting
Week 2 Discussion
JOB-ORDER COSTING
The job cost sheet is used to accumulate the three product costs: direct material, direct labor, and factory overhead. Discuss the source documents for determining these amounts (that is, where do we get these numbers, and how do we arrive at the overhead?). Why is overhead the most difficult to assign?
ACCT346 Managerial Accounting
Week 3 Discussion
PROCESS COSTING AND EQUIVALENT UNITS
Describe how the process costing system accumulates and assigns costs by comparing and contrasting to the job-order costing system.
ACCT346 Managerial Accounting
Week 4 Discussion
COST BEHAVIOR AND VARIABLE COSTING
What do we mean by cost behavior? What is the difference between variable, fixed, and mixed costs? Give an example of each.
ACCT346 Managerial Accounting
Week 5 Discussion
COST-VOLUME-PROFIT ANALYSIS AND RELEVANT COSTS
Based on your e-book readings and review of both the lesson and Becker content, discuss the basic assumptions of CVP analysis and how we can use CVP analysis as managers in making decisions.
ACCT346 Managerial Accounting
Week 6 Discussion
RESPONSIBILITY ACCOUNTING, STANDARD COSTS, AND VARIANCE ANALYSIS
Compare and contrast the three types of responsibility centers. What is the best way to evaluate a manager’s performance in each type of center? What is the problem with using only financial measures of performance?
ACCT346 Managerial Accounting
Week 7 Discussion
CAPITAL BUDGETING AND THE TIME VALUE OF MONEY
Let’s start with defining capital budgeting. What is capital budgeting? What are the differences between screening decisions and preference decisions?
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