UNIVERSITY OF GUELPH 
ACCT*2230: Management Accounting 
Comprehensive Revision Guide and Notes 2025 
 
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University of Guelph - ACCT*2230: Management Accounting

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ACADEMIC YEAR 2024 - 2025

University	University of Guelph
Study Level	Undergraduate
Course Code	ACCT*2230
Course Name	Management Accounting
Notes Title	Comprehensive Revision Guide and Notes
Page Length	119 pages

If you're studying for ACCT*2230: Management Accounting at the University of Guelph, this comprehensive revision guide and practice test set is a must-have. Whether you have a basic understanding of the course or are looking to solidify your knowledge, these notes will help you quickly recall important information. You can use these notes as a reference to better understand the topics and improve your grades on the exam. This updated exam preparation guide enables you to identify your weak areas, increasing your chances of passing the exam on your first attempt.

Course Overview:

This course emphasizes the use of accounting information to facilitate effective management decisions. Topics include cost determination, cost control and analysis, budgeting, profit-volume analysis and capital investment analysis.

Prerequisites:

ACCT*1220 - Introductory Financial Accounting
ACCT*2220 - Financial Accounting

Learning Outcomes:

Distinguish between financial accounting and managerial accounting and identify and list their attributes.
Explain and distinguish cost terms, concepts, classification.
Identify fixed, variable, and mixed costs by solving various CVP problems.
Analyze and interpret the behaviour of costs and its application in decision making.
Determine through Cost-Volume-Profit analysis the optimal managerial decisions.
Apply budgeting and budget projection tools in a business setting.
Apply managerial accounting tools in decision-making processes for immediate and long-term decisions.
Apply job order costing and activity-based costing to determine the cost of items.
Distinguish between static and flexible budget, standard and actual cost, and relevant and irrelevant costs.

COURSE CODE	COURSE NAME
ACCT*1220	Introductory Financial Accounting
ACCT*1240	Applied Financial Accounting
ACCT*2230	Management Accounting
ACCT*3340	Intermediate Financial Accounting II
ACCT*3350	Taxation
ECON*1050	Introductory Microeconomics
ECON*1100	Introductory Macroeconomics
ECON*2310	Intermediate Microeconomics
ECON*2740	Economic Statistics
ECON*3740	Introduction to Econometrics
FIN*2000	Introduction to Finance
FIN*3000	Investments
FIN*3100	Corporate Finance
FIN*3200	Fundamentals of Derivatives
FIN*3500	Money, Credit, and the Financial System
HROB*2090	Individuals and Groups in Organizations
MCS*1000	Introductory Marketing
MCS*3040	Business and Consumer Law
STAT*2040	Statistics I
STAT*2060	Statistics for Business Decisions
STAT*4360	Applied Time Series Analysis

University of Guelph - ACCT*2230: Management Accounting

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