Managerial accounting and the business environment. An introduction to managerial accounting and cost concepts. Systems design: job-order costing. Systems design: activity-based costing. Systems design: Process costing. Cost Behavior: analysis and use. Cost-Volume-Profit Relationships. Profit planning. Standard costs. Flexible budgets and overhead analysis. Decentralization. Relevant costs for decision-making. Capital budgeting decisions. "How Well Am I Doing?" Statement of Cash Flows. "How Well Am I Doing?" Financial Statement Analysis.