Students learn the role of the accountant or manager as decision maker. Topics covered involve a study of relevant costs for decision making; contribution margin approach to decision making; absorption costing vs. direct costing; and the effect on income; ABC Costing; capital projects selection and subsequent evaluation; cost volume profit relationships; decision making and allocation involving joint costs; decentralization, performance measurement.
Prerequisites: (1) ACCT 1120 with a grade of C or better must be completed prior to taking this course. Lec: 4.5 Lab: 0.0 Cr: 4.5