[raiderkaley]

I am enrolling in graduate courses in order to obtain the 30 hours of upper level accounting to sit for the exam. I was a business major, and I have 9 hours of upper level accounting at this time. One of the courses I have taken is Managerial Accounting, and I was wondering if this course is the same as Cost Accounting. I am enrolling in a different school as a non-degree seeking student and don’t want to take an unnecessary course. I am in Texas, and when I look at the board requirements it says:

“managerial or cost accounting (excluding introductory level courses)”

Thanks for your help!

[ohiostategirlcpa]

Cost Accounting is one part of Managerial Accounting. Managerial Accounting includes, budgeting, finance, ROI analysis, margin analysis, etc.

F91 A95 R90 B94
CMA since 2015
(Gleim books/PDFs, MCQs, SIMS)

[Abcd6789]

I took mnaagerial accounting in my lower division coursework (accounting 2). It was a requirement for all business majors like yourself. However, I took Cost Accounting in my upper division coursework and it was much more intense than managerial. Basically, you relearn managerial accounting concepts in the first few weeks and then the material becomes more advanced. IMO Cost was much harder than managerial – along with ALL the Upper Division accounting Courses. But, some universities/community colleges may use “managerial” and “cost” interchangeably, so you would be wise to doublecheck. If you are in graduate courses at University it will definitely be the Cost Course I am speaking of and will be more challenging.

Hope that helps although it may seem confusing. The entire CPA process is meant to be confusing to keep people out!

[raiderkaley]

Thanks for the replies. It definitely makes sense. I will check with my university.

[Mayo]

At my school:

Managerial Accounting = Intro to Fin Accounting 2. Intro to concepts such as inventory types (WIP, Raw Materials, FG) and overhead.

Cost = Master's level course that covered Managerial Accounting plus more in depth cost models as well as cash budgeting.

Managerial Accounting Theory = Master's level course that covered how management uses information from more of a academic point of view. I think I totally forgot 100% of what i learned in this class lol.

Mayo, BBA, Macc

[Author]

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