Topic outline

  • COURSE DESCRIPTION

    Managerial Accounting I is one of the most important subjects to be studied by accounting students. It is important because success is any organization requires the use of cost accounting concepts and practices. Managerial Accounting I discusses provides key data to managers for planning and controlling, and for costing products, services and customers. Major topics in this course include basic cost accounting for products costing, cost allocation, budgeting and inventory costing.


  • Topic 1

    • Topic 2

      • Topic 3

        • Topic 4

          • Topic 5

            • Topic 6

              • Topic 7

                • Topic 8

                  Spoilage, Rework, and Scrap

                  Specific sub-topics:

                  1. Defining spoilage, rework, and scrap
                  2. Two type of spoilage
                  3. Spoilage in process costing using weighted average and FIFO
                  4. Inspection points and allocating costs of normal spoilage
                  5. Job costing and spoilage
                  6. Job costing and rework
                  7. Accounting for scrap

                • Topic 9

                  • Topic 10

                    • Topic 11

                      • Topic 12

                        • Topic 13

                          • Topic 14