UNIVERSITY OF WATERLOO

AFM 102: Introduction to Managerial Accounting

Comprehensive Revision Guide and Notes 2026

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AFM 102: Introduction to Managerial Accounting [UWaterloo]

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University
University of Waterloo
Course Code
AFM 102
Course Name
Introduction to Managerial Accounting
Notes Title
Comprehensive Revision Guide and Notes
Page Length
119

ACADEMIC YEAR 2026 - 2027

If you are taking Introduction to Managerial Accounting (AFM 102) at the University of Waterloo, this comprehensive guide and practice test set is a must-have. You don’t need to be an expert in the course; you just need a basic understanding and the ability to quickly recall what you learn. You can use these notes as a reference to better understand the topics and improve your exam performance. This updated exam preparation guide helps you identify areas where you need more practice and prepare to pass the exam on your first attempt.

AFM 102: Introduction to Managerial Accounting

AFM 102 provides an introduction to the purpose, nature, and scope of management accounting. By the end of the course, students will be able to develop and interpret fundamental management accounting skills. Key topics include cost terms and behavior (such as cost concepts, cost behaviour analysis, and cost-volume-profit relationships), costing systems (including job-order costing, process costing, activity-based costing, and variable costing), planning and control (with topics like budgeting, standard costs and overhead analysis, and reporting for control), and decision making (covering relevant costs for decision making and capital budgeting decisions).

UNIVERSITY OF WATERLOO

Studying for another course? Select a course below to review the resource details and what’s included.

COURSE CODE	COURSE NAME
AFM 101	Introduction to Financial Accounting
AFM 102	Introduction to Managerial Accounting
AFM 231	Business Law
AFM 272	Global Capital Markets and Financial Analytics
AFM 273	Financial Instruments and Capital Markets
AFM 274	Introduction to Corporate Finance
AFM 275	Corporate Finance
AFM 280	Introduction to Organizational Behaviour
AFM 291	Intermediate Financial Accounting 1
AFM 322	Derivative Securities
AFM 391	Intermediate Financial Accounting 2
ECON 101	Introduction to Microeconomics
ECON 102	Introduction to Macroeconomics
ECON 201	Microeconomic Theory for Business and Policy
ECON 221	Statistics for Economists
ECON 290	Models of Choice in Competitive Markets
ECON 322	Econometric Analysis 1
ECON 323	Econometric Analysis 2
ECON 371	Business Finance 1
ECON 372	Business Finance 2
ECON 423	Time Series Econometrics
MGMT 244	Principles of Marketing
PSYCH 292	Basic Data Analysis
STAT 202	Introductory Statistics for Scientists
STAT 443	Forecasting

MITCA

Updated for 2026

AFM 102: Introduction to Managerial Accounting [UWaterloo]

INFORMATION

COURSE DESCRIPTION

RELATED COURSES

University	University of Waterloo
Course Code	AFM 102
Course Name	Introduction to Managerial Accounting
Notes Title	Comprehensive Revision Guide and Notes
Page Length	119