Aug 17, 2019  
OHIO University Undergraduate Catalog 2019-20 
    
OHIO University Undergraduate Catalog 2019-20
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ACCT 1020 - Decision Making with Accounting


Use of accounting information for making managerial decisions. Study of cost behavior, overhead costs allocation, basic cost accumulation systems, elementary capital budgeting, master and flexible budgets, and cost control.

Requisites: ACCT 1010 and (ECON 1030 or concurrent)
Credit Hours: 3
Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Learning Outcomes:
  • Be able to identify and categorize variable and fixed costs in order to prepare a contribution margin income statement.
  • Determine the full cost of a product/service using multiple cost drivers (Activity Based Costing).
  • Evaluate simple investment decisions for investment centers using capital budgeting techniques, including net present value, internal rate of return, and payback period.
  • Identify relevant costs and know how to use them to make managerial decisions, including special order decisions, outsourcing decisions, segment elimination decisions, and replacing equipment decisions.
  • Perform breakeven analysis for single and multiple product firms.
  • Prepare a master budget for a merchandising company, including the sales budget, purchases budget, selling & administrative budget, pro-forma income statement, cash budget, and pro-forma balance sheet.
  • Separate fixed and variable components of a mixed costs using the high-low method.
  • Use of financial statement information for analysis and strategic decision making.



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