CONCORDIA UNIVERSITY 
COMM 305: Managerial Accounting 
Course Credit Value: 3 
Comprehensive Revision Guide and Course Notes 2024 
 
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Concordia University - COMM 305: Managerial Accounting

C$29.00

ACADEMIC YEAR 2024 - 2025

University	Concordia University
Department	Accountancy
Course Code	COMM 305
Course Name	Managerial Accounting
Notes Title	Comprehensive Revision Guide and Course Notes
Page Length	119

If you are studying for the COMM 305: Managerial Accounting at Concordia University, this concise guide and practice test set is a must-have. You do not need to be an expert in the course, you just need a basic understanding and be able to quickly recall the information that you learn. You can use these notes as a reference, to understand the topics better and improve your grades in the final exam. This updated exam preparation guide helps you identify your weak areas, so you will pass the final exam on your first attempt. Please note that students have the option to request a paperback version at the checkout page.

This course, COMM 305: Managerial Accounting provides students with essential managerial accounting tools and techniques for effective business decision-making. Covering a range of topics, including cost concepts, cost-volume-profit analysis, and budgeting, the course offers practical insights into cost behavior, activity-based costing, incremental analysis, and alternative inventory costing methods. Emphasis is placed on sustainability in managerial accounting, pricing strategies, and the use of balanced scorecards and responsibility accounting to enhance organizational performance. Students also engage in business simulations to apply managerial decision-making and strategic planning concepts.

Designed to accommodate both accounting and non-accounting majors, this course is valuable for anyone aspiring to a management role, as managerial accounting is often referred to as the ‘language of business’. The analytical tools and management techniques taught in this course are universally applicable, making them essential for business professionals across various fields. Students will develop a foundational understanding of how managerial accounting supports planning, control, and performance evaluation, helping them make informed decisions in any business context.

Prerequisite: Must have completed COMM 217.

COURSE CODE	COURSE NAME
ACCO 230	Introduction to Financial Accounting
ACCO 310	Financial Reporting I
ACCO 320	Financial Reporting II
ACTU 256	Mathematics of Finance
COMM 215	Business Statistics
COMM 217	Financial Accounting
COMM 220	Analysis of Markets
COMM 222	Organizational Behaviour and Theory
COMM 223	Marketing Management
COMM 305	Managerial Accounting
COMM 308	Introduction to Finance
COMM 315	Business Law and Ethics
ECON 201	Introduction to Microeconomics
ECON 203	Introduction to Macroeconomics
ECON 221	Statistical Methods I
ECON 222	Statistical Methods II
ECON 301	Intermediate Microeconomic Theory I
ECON 421	Econometrics I
ECON 423	Topics in Applied Econometrics
FINA 385	Theory of Finance I
FINA 395	Theory of Finance II
FINA 411	Portfolio Management
FINA 412	Options and Futures
PSYC 315	Statistical Analysis I
STAT 250	Statistics
STAT 460	Time Series and Forecasting

Concordia University - COMM 305: Managerial Accounting

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