Cost v. Managerial Accounting

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  • #3304547
    Sergio
    Participant

    Recently, I enrolled in a cost accounting course as the topic makes up 15-25% of the BEC section. As I started reading the textbook, the content was similar to a managerial accounting course. Now, I’m aware cost accounting falls under managerial accounting. However, it made me wonder if the cost accounting class is even necessary for the BEC section. I took a intro. to managerial accounting class last year and the topics on the July 2021 CPA-BEC blueprints were covered (e.g. variance analysis, cost measurement, etc). Would the managerial accounting class suffice for the BEC section? Should I continue with cost accounting. The class is during a 6 week summer session, so I would prefer to drop it. I could take the course in the fall while studying for the CPA exam if needed.

    Any advice would be appreciated.

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  • #3304562
    monikernc
    Participant

    Managerial and cost accounting are the same thing. If you had variances and such in your course it will cover what is on the BEC exam.

    AUD - 93
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    FAR - 76
    REG - 88
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    #3304568
    AusNat
    Participant

    My intro to managerial course covered all of the cost accounting material I saw on BEC. I felt like I had a solid grasp of the material from intro and wouldn't be using it in practice, so I skipped cost accounting as an elective.

    Governmental accounting is my #1 rec for an accounting elective when it comes to the CPA exam. Not a fun elective, but it's fairly heavily tested on FAR and it's different from anything covered in other courses. I'd also recommend a course that covers IT & IT security, one that covers business & transaction processes (this may be combined with the previous one or an auditing elective) and additional tax courses beyond individual. If your program doesn't require an advanced financial accounting class that covers consolidations, take it as an elective.

    Finance (two courses) and intro to business law were the most helpful upper level business electives I took.

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