Using a Practical Case to Introduce and Apply Managerial Accounting Cost Concepts.
- Resource Type
- Article
- Authors
- Gates, Sandra; Burke, Megan
- Source
- Journal of Accounting & Finance (2158-3625). 2015, Vol. 15 Issue 7, p22-33. 12p.
- Subject
- *MANAGERIAL accounting
*COST
*DECISION making
ACTIVE learning
STUDENTS
CRITICAL thinking
- Language
- ISSN
- 2158-3625
Understanding cost concepts and their practical application is a fundamental requirement of managerial accounting. To facilitate learning, this case provides students with a simple and practical active learning activity. The case allows students to experience decision making involving various cost concepts. It was developed for use either as a complement to in-class activities or as a standalone assignment. The case challenges students to think beyond the manufacturing environment by exploring the application of cost concepts for a small private service company. Classroom testing indicates that students found the case to be appropriately challenging, and required them to think critically. [ABSTRACT FROM AUTHOR]