Chapter 1: Nature of Managerial Accounting and Costs

Course Learning Objectives

By the end of this section, the students should be able to

  • Compare and contrast financial vs. managerial accounting.
  • Apply accounting procedures for manufacturing businesses.

Specific Learning Outcomes

After you complete the required assignments you will be able to:

  • Compare/Contrast Financial vs. Managerial Accounting.
  • Define product and period costs
  • Compute cost of goods sold for a manufacturer
  • Prepare a manufacturing statement