| 1.
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Compare and contrast managerial and financial accounting. (I)
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| 2.
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Describe the changing business environment and its effects on
managerial accounting, including the role of the value chain and the
supply chain. (I)
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| 3.
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Describe the activities of planning, evaluating, controlling, and
decision-making. (I) 4 Define cost terms and classifications. (I)
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| 4.
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Describe the flow of costs. (II)
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| 5.
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Contrast traditional, activity-based, and newly-developed costing
systems. (II)
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| 6.
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Compute product costs using traditional, activity-based, and
newly-developed costing systems. (II)
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| 7.
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Analyze the behavior of costs and the profitability of a product
through cost-volume-profit analysis. (II)
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| 8.
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Describe the need for operational and capital budgets, and explain the
use of budgets for decision-making. (II)
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| 9.
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Explain how an organization controls costs through the use of
financial and nonfinancial performance measures, including the
balanced scorecard and theory of constraints. (II)
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| 10.
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Explain how an organization manages price, cost, and quality issues.
(II)
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| 11.
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Practice and apply skills in oral and written communication, problem
solving and teamwork to analyzing and presenting accounting
information. (I, II)
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