- identify and apply internal control procedures used to safeguard assets and ensure the integrity of the accounting information system
- identify and apply appropriate information technology to the accounting system
- explain how to use activity-based costing and why it is used
- explain and compare the behavior of fixed, variable, and mixed costs
- apply cost-volume-profit and contribution margin analyses in planning operations
- prepare a budget for planning purposes
- apply variable and absorption costing concepts to analyze profitability
- prepare master and flexible budgets and use them to evaluate performance
- evaluate company performance by applying standard costing and variance analysis
- apply responsibility accounting concepts to evaluate cost, profit, and investment centers
- develop a plan for activity-based costing for a manufacturing business
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