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BCIT

FMGT 3224 - Managerial Accounting (OPMT)

Financial Management Part-time Studies Course

School of Business

Course Details

Designed to give non-accounting majors an appreciation of the uses and limitations of cost and managerial accounting in the decision-making processes of an organization. Emphasis will be placed on identifying the relevance of this discipline to other functional areas: capital budgeting, production planning, cost minimization, contribution maximization, pricing and marketing policies. Concepts will be related to both manufacturing and knowledge-based, service business environments. Students will study a variety of analytical techniques that can be applied to financial and operational data to support management decisions.

Prerequisite(s)

FMGT 2100

Credits

4.0

Cost

$567.27

Spring/Summer 2018

Below is one offering of this course for the Spring/Summer 2018 term.

CRN 24480

Tue Jun 12 - Thu Jul 12 6 Weeks

Class Meeting Times

Dates Days Times Locations
Jun 12 - Jul 12 Tue/Thu 18:00 - 22:00 BBY SE06 Rm. 114

Instructor

Michelle Miller

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$567.27

Notes

  1. .

This section is only available for registration starting Wed, Feb 21 at 9:00 am (PST)

Sneak Preview

Learning Outcomes

Upon successful completion, the student will be able to:

  • Describe why the manager needs management accounting information.
  • Identify and give examples of cost types and classifications according to differing management needs.
  • Prepare a cost of goods manufactured and cost of goods schedule.
  • Analyze a mixed cost, using the least-squares method.
  • Calculate the effect of a change in activity on both total and unit costs.
  • Prepare an income statement using the contribution margin approach.
  • Distinguish between process costing and job order costing, and identify companies that would use each method.
  • Compute and apply predetermined overhead rates.
  • Use a job-order costing system.
  • Explain the major differences between activity based costing and a traditional costing system.
  • Prepare all the components of a Master Budget (with emphasis on the Cash Budget).
  • Compute variances from standard cost and explain their significance.
  • Prepare performance reports incorporating flexible budgets.
  • Compute and evaluate relevant performance measures for controlling decentralized operations.
  • Compute the breakeven point and use CVP formulae to determine the activity level needed to achieve a desired net profit figure.
  • Prepare analysis and make recommendations in several typical business decision scenarios where relevant costs are at issue: whether to keep or replace old equipment, whether a product line or other organizational segment should be dropped or retained, whether a business should make-or-buy its products or components, whether a special order should be accepted, and what is the most profitable use of a constrained resource.
  • Determine the acceptability of an investment project using the net present value method, and other evaluation models commonly used to assess outlays on long-term projects.

Effective as of Fall 2015

Related Programs

FMGT 3224 is offered as a part of the following programs:

School of Business

  1. Business Administration (General Option)
    Part-time   Diploma
  2. Business Administration (Global Studies Option)
    Part-time   Diploma
  3. Business Administration (Human Resources Option)
    Part-time   Diploma
  4. Business Administration (Management Option)
    Part-time   Diploma
  5. Business Administration (Marketing Option)
    Part-time   Diploma
  6. Business Operations Management
    Full-time   Diploma
  7. Computerized Accounting
    Part-time   Associate Certificate

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Registration News

Registration is currently open for the Winter 2018 term.

A sneak preview of Spring/Summer 2018 term courses is also now available here.

Students may register for Spring/Summer 2018 term courses online, by phone, mail or in-person starting Wed, Feb 21 at 9:00 am (PST).

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