THE UNIVERSITY OF WATERLOO 
AFM 102 - Introduction to Managerial Accounting 
Comprehensive Revision Guide and Course Notes 2024 
 
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University of Waterloo

University of Waterloo - AFM 102: Introduction to Managerial Accounting

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ACADEMIC YEAR 2023 - 2024

University	University of Waterloo
Study Level	Undergraduate
Course Code	AFM 102
Course Name	Introduction to Managerial Accounting
Notes Title	Comprehensive Revision Guide and Course Notes
Page Length	119

If you are studying for AFM 102 - Introduction to Managerial Accounting at the University of Waterloo - this comprehensive 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 learned. You can use these notes as a reference to better understand the topics and improve your grades in the end-of-semester final examination. This updated exam preparation guide helps you identify your weak areas so that you can pass the final exam on your first attempt.

Offered at the University of Waterloo, AFM 102: Introduction to Managerial Accounting equips students with the knowledge and skills to interpret cost data and make informed business decisions. Unlike financial accounting, which focuses on external reporting, managerial accounting provides internal information to managers for effective organizational control. The course covers cost behavior, costing systems, budgeting, and financial analysis, helping students understand how to use accounting information for strategic decision-making in areas like cost control, performance measurement, and capital budgeting.

Upon finishing the course, you should be able to:

Explain cost terms and concepts
Explain cost behavior
Explain cost volume profit analysis
Explain job-order costing and process costing
Explain activity-based costing
Explain variable costing
Explain budgeting
Explain standard costs and overhead analysis
Explain reporting for control
Explain relevance costs
Explain capital budgeting decisions

COURSE CODE	COURSE NAME
AFM 101	Introduction to Financial Accounting
AFM 102	Introduction to Managerial Accounting
AFM 231	Business Law
AFM 272	Corporate Finance 1
AFM 280	Introduction to Organizational Behaviour
AFM 291	Intermediate Financial Accounting 1
AFM 322	Derivative Securities
AFM 361	Taxation 1
AFM 372	Business Finance 2
AFM 391	Intermediate Financial Accounting 2
AFM 472	Equity Investments
MGMT 244	Principles of Marketing
ECON 101	Introduction to Microeconomics
ECON 102	Introduction to Macroeconomics
ECON 221	Statistics for Economists
ECON 290	Models of Choice in Competitive Markets
ECON 322	Econometric Analysis 1
ECON 323	Econometric Analysis 2
ECON 371	Business Finance 1
ECON 372	Business Finance 2
ECON 423	Time Series Econometrics

University of Waterloo - AFM 102: Introduction to Managerial Accounting

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