This is the second course in the Cost Managerial sequence for Accounting and Financial Controllership students. It addresses topics more closely associated with the use of accounting data for decision making within the company. It includes topics such as: decision making and relevant information, pricing decisions, cost allocations for service departments and joint products, transfer pricing and responsibility accounting.

CILO-1: Distinguish between relevant and irrelevant information and apply the relevant information to make decisions. CILO-2: Implement the strategy and how to prepare the balanced scorecard. CILO-3: Make long-term pricing decisions. CILO-4: Perform customer-profitability analysis. CILO-5: Allocate department costs, common costs, joint product costs and by-product costs. CILO-6: Understand and apply the process costing system with spoilage, rework and scrap. CILO-7: Apply the different techniques of inventory management.