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ACCT 3224: Management Accounting I 
* Comprehensive Revision Guide and Notes 2024 
 
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Mount Royal University - ACCT 3224: Management Accounting I

C$29.00

ACADEMIC YEAR 2023 - 2024

University	Mount Royal University
Study Level	Undergraduate
Course Code	ACCT 3224
Course Name	Management Accounting I
Notes Title	Comprehensive Revision Guide and Notes
Delivered As	PDF
Page Length	119

* If you're studying for ACCT 3224: Management Accounting I at Mount Royal University, this comprehensive guide and practice test set is a must-have. You don’t need to be an expert in the course - just have a basic understanding and be able to quickly recall the information you’ve learned. These notes serve as a valuable reference to help you better understand the topics and improve your grades in the end-of-semester final examination. This updated exam preparation guide is designed to help you identify your weak areas so you can pass the final exam on your first attempt.

Overview:

This course provides an introduction to the nature, scope and use of managerial accounting. Topics include: management planning and control, inventory and cost flows, standard costs and variance analysis, budgeting, cost-volume profit analysis, relevant costs and decision making.

Prerequisite: ACCT 2121 - Financial Accounting Concepts

Key Areas of Focus:

Understand key cost terms, concepts, and classifications.
Apply job order costing systems and prepare related journal entries.
Analyze cost behavior, including fixed, variable, and mixed costs.
Perform cost-volume-profit analysis to determine breakeven points and target profits.
Differentiate between absorption and variable costing, and reconcile net incomes.
Develop and analyze budgets, including operating, master, and flexible budgets.
Analyze standard costs and variances in manufacturing overhead.

COURSE CODE	COURSE NAME
ACCT 2121	Financial Accounting Concepts
ACCT 3221	Intermediate Accounting I
ACCT 3224	Management Accounting I
ACCT 4222	Intermediate Accounting II
ACCT 4280	Introduction to Personal and Corporate Income Tax
ECON 1101	Principles of Microeconomics
ECON 1103	Principles of Macroeconomics
ECON 2211	Intermediate Economic Theory - Microeconomics I
ECON 3395	Introduction to Applied Econometrics
FNCE 3227	Introduction to Finance
FNCE 3228	Advanced Corporate Finance
FNCE 4407	Investments and Portfolio Management
FNCE 4408	Financial Risk Management
FNCE 4409	Security Analysis and Valuation
MATH 1224	Introduction to Statistics
MATH 2333	Statistics for Life Sciences
MATH 3454	Regression and Time Series Analysis
MGMT 2130	Management Principles and Practices
MGMT 2262	Statistics and Analytics for Business
MGMT 3230	Business Law
MKTG 2150	Introduction to Marketing

Mount Royal University - ACCT 3224: Management Accounting I

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