MBA611 - Belhaven University Lectures

Examines budgeting as a strategic and operational planning tool. It outlines the structure of master budgets, describes their interdependent components, and reflects on the evolution from manual to automated budgeting systems.

Links managerial decision-making to Christian ethics and accountability. The lecture applies principles of integrity and stewardship to incremental analysis, make-or-buy, and keep-or-drop decisions, integrating qualitative and quantitative evaluation.

Builds on CVP concepts with break-even, target profit, and margin of safety analyses. It applies these techniques to strategic decisions regarding automation, pricing, and cost structure within relevant operational ranges.

Focuses on cost behavior and cost-volume-profit (CVP) analysis. It introduces methods for analyzing mixed costs, such as scatter graphs and regression, and explains absorption versus variable costing in internal decision contexts.

Introduces activity-based costing (ABC) and activity-based management (ABM), contrasting them with traditional costing systems. The lecture illustrates how ABC improves precision and supports sustainability and operational efficiency using case examples.

Explores process and activity-based costing through the lens of stewardship and accountability. Biblical principles of resource management frame the study of cost flow, equivalent units, and FIFO versus weighted-average methods in process costing.

Examines job order costing and its applications in manufacturing and service industries. The lecture explains cost tracing, allocation bases, and overhead adjustments, showing how accurate cost assignment informs pricing and managerial decisions.

Introduces managerial accounting as an internal decision-making tool, distinguishing it from financial accounting. It explores cost classification, sustainability accounting, and decision analytics while underscoring the integration of biblical principles with data-driven managerial practices.