Title: Module 1 Introduction: (CU1 M1) Managerial Accounting
Course: SkillsCom BA 213 15.0 > Section: Credit Unit 1 Module 1

In any business environment, effective managers must learn how to plan and control their businesses--especially while having to navigate all the different aspects of today's business environment. Savvy managers can do so through managerial accounting. Managerial accounting helps managers both make plans and then determine how successful those plans were in the aftermath--so they can then plan again for the future.

This chapter introduces the concept of managerial accounting in its basics--including how to account for trends in today's business environment, how to manage each of three different types of companies (service, merchandising, and manufacturing), and how to navigate cost classification.

Module Outcomes:

- Define and understand the concept of managerial accounting.
- Understand the different aspects of today's business environment.
- Describe the difference between service, merchandising, and manufacturing companies.
- Classify costs for service, merchandising, and manufacturing companies.
- Calculate cost per unit and cost per service.