Cost/Managerial Accounting

Subdomains

Click on the subdomain titles to examine the range of skills and concepts a student can expect to demonstrate for assessment of this Domain:

• Cost/Managerial Accounting

Cost/Managerial Accounting

• The graduate understands how to use process costing.
• The graduate understands accounting data, reports, and tools used by management
• The graduate understands how to use job order costing.
• The graduate understands how to use a standard cost system for computing variances and explaining their significance.
• The graduate understands Activity-Based Costing.
• The graduate understands variable and absorption costing.
• The graduate can use cost/benefit analysis in making decisions.
• The graduate can develop various forms of operating budgets, including a flexible budget system.
• The graduate can use capital budgeting to make decisions.
• The graduate can analyze a financial statement.