Primary Navigation
  • About
  • Academics
  • Continuing Education
  • Admission
  • Student Life
  • Student Services
  • Library
  • News and Events
  • Giving
Principles of Managerial Accounting

I.     Course Prefix/Number: ACC 154

       Course Name: Principles of Managerial Accounting

       Credits: 3 (3 lecture; 0 lab)

II.    Prerequisite

Recommended: ACC 153 or concurrent enrollment in ACC 153.

III.   Course (Catalog) Description

Course presents accounting information used for internal business management.  Focus is on planning, controlling and evaluating company performance.  Content includes budgeting, job costing, product pricing, breakeven analysis, standard costing, decision models.

IV.   Learning Objectives

To prepare students to demonstrate understanding of concepts and ability to solve problems in the following areas:
A.    Nature of Managerial Accounting: Cost Concepts and Terminology
B.    Job Order Cost Systems
C.    Process Cost Systems
D.    Cost Allocation and Activity based Accounting
E.    Cost Behavior and Cost Estimation
F.    Cost-Volume-Profit Analysis
G.    Profit Reporting for Managerial Analysis
H.    Differential Analysis and Product Pricing
I.    Capital Investment Analysis & Capital Budgeting
J.    Budgeting
K.    Standard Cost Systems (Including Flexible Budgets and Overhead Analysis)
L.    Accounting for Decentralized Operations; Transfer Pricing
M.    Financial Statement Analysis and Annual Reports
N.    The New Management and Decision Making

V.    Academic Integrity

Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton's Code of Academic Conduct. This code prohibits:

• cheating,
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.

There are serious consequences to violations of the academic integrity policy. Oakton's policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.
Details of the Code of Academic Conduct can be found in the Student Handbook.

VI.   Sequence of Topics

To prepare students to demonstrate understanding of concepts and ability to solve problems in the following areas:
A.    Nature of Managerial Accounting: Cost Concepts and Terminology
B.    Job Order Cost Systems
C.    Process Cost Systems
D.    Cost Allocation and Activity based Accounting
E.    Cost Behavior and Cost Estimation
F.    Cost-Volume-Profit Analysis
G.    Profit Reporting for Managerial Analysis
H.    Differential Analysis and Product Pricing
I.    Capital Investment Analysis & Capital Budgeting
J.    Budgeting
K.    Standard Cost Systems (Including Flexible Budgets and Overhead Analysis)
L.    Accounting for Decentralized Operations; Transfer Pricing
M.    Financial Statement Analysis and Annual Reports
N.    The New Management and Decision Making

VII.  Methods of Instruction

In example--
A.    Lecture and Discussion
B.    Working Problems and Reviewing Solutions
C.    Collaborative Projects
D.    Case Discussion

Course may be taught as face-to-face, media-based, hybrid or online course.

VIII. Course Practices Required

In Example --
Students must perform on a college level in reading, writing, problem solving and oral presentation.

IX.   Instructional Materials

Note: Current textbook information for each course and section is available on Oakton's Schedule of Classes.

In example --
A.    Text: Custom Managerial Accounting by Brewer 4th edition
B.    Student Handout Packet only available at Oakton bookstore.

X.    Methods of Evaluating Student Progress

In example --
A.    Four Tests (100 points each)
Final Exam (200 points)
Homework (6 points each)
Quizzes (10 points each)
Attendance is considered if a student is between grades.
B.    A point scale based on total possible points.
90 - 100% = A
80 -  89% = B
70 -  79% = C
60 -  69% = D
59% & below F

XI.   Other Course Information



If you have a documented learning, psychological, or physical disability you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the Access and Disability Resource Center at the Des Plaines or Skokie campus. All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program.