• 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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