Evaluate Your Learning Outcomes Write a critical evaluation of your learning outcome. In your response, consider: 1. Your managerial accounting skills/knowledge prior to taking this class 2. Base on the course content, discuss the new skills you acquired from this class? How relevant are the new skills in your profession? 3. How would you apply your new knowledge? Required: 1.     Post your original discussion. Read and respond to three (3) your classmates. See the class syllabus for posting requirements. 2.     Be sure to support your work with specific citations using APA format 3.     Read a selection of your colleagues' postings using one or more of the following ways: ·        Share an insight from having read your colleagues' postings, synthesizing the information to provide new perspectives. ·        Offer and support an alternative perspective using readings from the class materials or from your own research. ·        Validate an idea with your own experience and additional research. ·        Make a suggestion based on additional evidence drawn from readings or after synthesizing multiple postings. ·        Expand on your colleagues' postings by providing additional insights or contrasting perspectives based on readings and evidence. ·        Return to this Discussion several times to read the responses to your initial posting. Note what you have learned and/or any insights you have gained as a result of the comments your colleagues made.  Course Description:  This course introduce students to a variety of topics related to financial and economics concepts and theories including general micro- and macroeconomics concepts, investments in different types of financial assets (stocks, bonds, options, etc.). CAPM, financing of projects, financial structure, agency theory and agency costs, corporate governance, diversification, mergers and acquisition, and asset collateralization.  Course Objectives & Learning Outcomes  Upon completion of the course, students should be able to:  1. Understand the role of cost accounting in information for managerial decision making  2. Understand fundamental concepts and techniques of cost/managerial accounting.  3. Understand the general concepts of cost estimation.  4. Understand costing and control of materials, labor, and factory overhead. Syllabus Course # Page 2 of 14  5. Learn objectives of cost accumulation system and be able to distinguish between “periodic versus perpetual” and “actual and versus standard.”  6. Understand job order, process, and activity-based cost systems.  7. Learn accounting for joint product and by-product costing.  8. Understand and interpret variances.  9. Become familiar the budgeting process.  10. Understand the different types of budgets: operating, flexible, and capital budgets.  11. Learn the standard cost system.  12. Learn the general analysis of cost and profit  13. Use computer applications in solving cost accounting problems  14.

1. Evaluate Your Learning Outcomes
Write a critical evaluation of your learning outcome. In your
response, consider:
1. Your managerial accounting skills/knowledge prior to taking
this class
2. Base on the course content, discuss the new skills you
acquired from this class? How relevant are the new skills in
your profession?
3. How would you apply your new knowledge?
Required:
1.
Post your original discussion. Read and respond to three (3)
your classmates.
See the class syllabus for posting requirements.
2.
Be sure to support your work with specific citations using APA
format
3.
Read a selection of your colleagues' postings using one or more
of the following ways:
· Share an insight from having read your colleagues'
postings, synthesizing the information to provide new

2. perspectives.
· Offer and support an alternative perspective using
readings from the class materials or from your own research.
· Validate an idea with your own experience and additional
research.
· Make a suggestion based on additional evidence drawn
from readings or after synthesizing multiple postings.
· Expand on your colleagues' postings by providing
additional insights or contrasting perspectives based on readings
and evidence.
· Return to this Discussion several times to read the
responses to your initial posting. Note what you have learned
and/or any insights you have gained as a result of the comments
your colleagues made.
Course Description:
This course introduce students to a variety of topics related to
financial and economics concepts and theories including general
micro- and macroeconomics concepts, investments in different
types of financial assets (stocks, bonds, options, etc.). CAPM,
financing of projects, financial structure, agency theory and
agency costs, corporate governance, diversification, mergers
and acquisition, and asset collateralization.
Course Objectives & Learning Outcomes
Upon completion of the course, students should be able to:
1. Understand the role of cost accounting in information for

3. managerial decision making
2. Understand fundamental concepts and techniques of
cost/managerial accounting.
3. Understand the general concepts of cost estimation.
4. Understand costing and control of materials, labor, and
factory overhead. Syllabus Course # Page 2 of 14
5. Learn objectives of cost accumulation system and be able to
distinguish between “periodic versus perpetual” and “actual and
versus standard.”
6. Understand job order, process, and activity-based cost
systems.
7. Learn accounting for joint product and by-product costing.
8. Understand and interpret variances.
9. Become familiar the budgeting process.
10. Understand the different types of budgets: operating,
flexible, and capital budgets.
11. Learn the standard cost system.
12. Learn the general analysis of cost and profit
13. Use computer applications in solving cost accounting
problems
14. Apply concepts to produce management reports using
problem solving skill, writing and oral presentation, managerial
decision making, and computer application.

4. REPLY - 1 (SIVA KRISHNA KOMMI)
Managerial Accounting course helped me in understanding the
cost accounting systems and how managers use this cost
accounting system in their decision making process. Prior to
taking this class I have no knowledge on how the managers take
decisions and how they allocate the budgets and use the excel
analysis and company tools for the financial reporting. After
attending all the modules, I came to know about all the
interconnections and various things that managers consider in
the budgets and how do they allocate to the departments based
on their evaluations. This course also helped me in
understanding the cost management and techniques, concepts of
all these accounting principles and how they use these
techniques to come up with the cost estimates. Various
interesting concepts and techniques like the materials, labor and
the factory overhead. This helps in understanding the job order
costing and activity based costing. Understanding the variances
and budgeting process in departments are clearly communicated
and explained with the help of numerical problems. Gained
knowledge on various types of costs associated in the business
and key differences between this costs and analysis of profit
loss, favorable, unfavorable conditions in the accounting
systems.
Computer application process that the mangers uses, excel
building formulas for generating the reports, comparisons
between the current and previous systems helps in the key
analysis of concepts. Use the computer applications and tools
for the financial reporting systems and the flexibility in their
operations and coming up with the budget numbers for the cost
accounting systems. Understanding the process of statement of
cash flows, various types of organizations and how to manage

5. them effectively with various skills learned from the concepts
covered in the course. This course clearly explained how
managers use the computer applications in their decision
making process and their presentation of the financial systems
and generating the management reports. By gaining all this
knowledge this helps me understand all the key connections
between the managerial decision making process and use this in
the daily workplace in the idea sharing in teams and use the cost
effective measures and how to optimize the costs and plan the
budget wisely, allocate the resources and constraints based on
the needs of the projects. This helps in self assessing the budget
spent and allocated to the departments for various process. This
also helps in the general analysis and gain some professional
knowledge on the managerial concepts and how do the
organizations operate their costs and budgets. This helps in
interactively participating in the resource and budget allocation
meetings with the project level leads during the planning
sessions and make sure that the work is completed in the time
specified so that the reputation is well maintained at the client
place.
References
· Birnberg, J. G. (Jake), & Shields, M. D. (Mike). (2020).
Journal of Management Accounting Research at 30 Years:
Reflections on Its Context, Creation, Challenges, and
Contributions. Journal of Management Accounting
Research, 32(1), 1–10.
https://doi.org/10.2308/jmar-19-038
· CIUHUREANU, A. (2018). Management Accounting --
Managerial Obligation or Need. Revista Academiei Fortelor
Terestre, 23(4), 282–287.
· Pashaeva, I. V., Aliyeva, M. S., Atakishiyeva, N. N.,
Babashirinova, E. M., & Musayeva, N. M. (2020). Digital

6. Models of Income and Expenditure Management and
Accounting. TEM Journal, 9(2), 590–600.
https://doi.org/10.18421/tem92-22
REPLY - 2 (SAMUEL JOE)
I must admit that since I joined the managerial accounting class,
it has been a learning curve. Initially, I have the notion that
accounting is widely based on merit and accounting.
Nevertheless, I have come to attaining more knowledge over the
period. The course goes beyond the parameter of accounting.
Ideally, financial accounting involves the defined process of
recording, summarizing, and reporting the myriad of
transactions done in a business operation over a given period.
Importantly, it's diverse approaches that have been applied in
various organizations and businesses as a tool of transparency
and adequate traction. It's widely used in compliance and
auditing events. I have realized the modern diversity and rich
share of managerial accounting after enrollment (Will Kenton,
2018).
I have acquired very critical skills in this course. One of the
essential skills is the accuracy and eye detail required in file
examination and financial accounting. This course was well
structured, as an IT professional I could easily understand some
of the core concepts that were included in the syllabus. I have
gained the team's massive ability and the analytical ability to
have the numeric right. On the same note, I have acquired
communication skills that are typical and critical in a given
working environment. In summary, interpersonal skills and
industry elements had increased my proficiency skill in a
significant way. This skill and knowledge have built a strong
argument ability that is critical in an official setup. For

7. instance, the use of a spreadsheet is a skill that is profound in
accounting concepts. It helps in capturing business data as
acquiring the accurate figures (Ahmed, 2008).
In summary, the course has helped me attain accurate skills
required in a typical working environment: margin analyses and
constraints in the building capacity that bring about identifying
principals. The most effective endpoint that I have acquired is
the inventory valuation and product costing that will help attain
a competitive and sustainable advantage. I must agree that the
implication has changed managing in a significant way (Reid,
2013)
I truly appreciate Mr.Sunny Onyiri’s efforts in developing such
a professional course structure which helps many non-business
administrative students/professionals to easily understand
Managerial accounting.
References
Ahmed, N. (2008).
Financial accounting: A simplified approach
. Atlantic Publishers & Dist.
Reid, J. (2013).
Seven fundamentals for effective financial management
. Juta and Company.
Will Kenton. (, 2018). Financial accounting. Retrieved from
https://www.investopedia.com/terms/f/financialaccounting.asp
REPLY - 3 (HARIKA GANTA)

8. Learning Outcomes
Managerial accounting has added a lot of knowledge, especially
in the area of accounting. I have acquired considerable
organizational skills from this particular course, such as cost
estimation and techniques used in the production process
(Chaplin, 2016). As a manager, such skills will enable in
making an informed decision on how to minimize the cost of
production and maximize the business's profit—skills of
budgeting for the organization's resources. Every manager
should have this very crucial skill. It is useful when it comes to
setting targets for the company. It helps the business leader to
avoid unnecessary losses and enable them to recover what has
been lost.
Let’s talk of managerial accounting coursebook has placed all
the concepts so that, as a manager, either current or a potential
one can learn how to incorporate others to enable significant
production and general running of the business(Schultz, 2018).
To involve other stakeholders, especially those with accounting
knowledge, should be applied when making a crucial decision
concerning the production process. It has also come to attention
that the manager of the business does not know everything, and
as a result, he or she has to consult from experts considering
that accounting is comprehensive, and it is not simple to
exhaust it. It is good to note that there is nothing to worry about
when one wants to know the cost of individual units or items to
be produced. This course has exposed us to process and job cost
techniques, enabling the production to account for every
company made.
For instance, where I am working right now, this knowledge
from managerial accounting would help me give my boss ideas
on how to minimize the cost of production. Besides, most of us
are looking forward to starting and running the business, so all
the skills learned here will be of significant importance.

9. References
Chaplin, S. (2016). Accounting Education and the Prerequisite
Skills of Accounting Graduates: Are Accounting Firms’ Moving
the Boundaries?
Australian Accounting Review
,
27
(1), 61-70. Doe: 10.1111/auar.12146
Schultz, W. (2018). Sweet Celebrations: A Managerial
Accounting Case Study.
Accounting Perspectives
,
17
(4), 623-632. Doe: 10.1111/1911-3838.12184