Determining the cost of products, including job order costing, standard costing, direct costing, and activity-based costing. Decision making based on cost behavior patterns. Capital budgeting, cash flows, and ratio analysis. Prerequisite: AC 121.

Introduction to traditional managerial accounting concepts and procedures utilized in the organization and processing of accounting information for management decision making purposes. Topics include managerial accounting and the business environment, cost terms and concepts, cost systems, cost behavior and cost-volume-profit analysis. In addition, the course covers the master budget, standard costing and variance analysis, performance evaluation, responsibility accounting, relevant cost analysis and decision making.