• Contrast managerial accounting and financial accounting.
• Role of corporate governance in managerial accounting.
• Classification of costs by cost behavior.
• What is the distinction between direct and indirect costs, period and product costs, expired and unexpired costs, and the application of the accounting treatment of each?
• Concept of relevant range and its impact on cost behavior information.
• Characteristics of relevant costs and qualitative factors that affect business decisions.
• Capital expenditures and application of concepts in appropriate business situations.
• Breakeven analysis and preparation of contribution margin income statements.
• Preparation of budgets for a business and distinction between various types of budgets.