COMM 305: Managerial Accounting provides students with essential managerial accounting tools and techniques for effective business decision-making. Covering a range of topics, including cost concepts, cost-volume-profit analysis, and budgeting, the course offers practical insights into cost behavior, activity-based costing, incremental analysis, and alternative inventory costing methods. Emphasis is placed on sustainability in managerial accounting, pricing strategies, and the use of balanced scorecards and responsibility accounting to enhance organizational performance. Students also engage in business simulations to apply managerial decision-making and strategic planning concepts.

Designed to accommodate both accounting and non-accounting majors, this course is valuable for anyone aspiring to a management role, as managerial accounting is often referred to as the ‘language of business’. The analytical tools and management techniques taught in this course are universally applicable, making them essential for business professionals across various fields. Students will develop a foundational understanding of how managerial accounting supports planning, control, and performance evaluation, helping them make informed decisions in any business context.

Prerequisite: Must have completed COMM 217.