| 1-1 | Define managerial accounting and describe its role in the management process. |
| 1-2 | Explain four fundamental management processes that help organizations attain their goals. |
| 1-3 | List and describe five objectives of managerial accounting activity. |
| 1-4 | Explain the major differences between managerial and financial accounting. |
| 1-5 | Describe the accounting and finance structure in an organization. |
| 1-6 | Describe the roles of an organization’s chief financial officer (CFO) or controller, treasurer, and internal auditor. |
| 1-7 | Understand and explain the value chain concept. |
| 1-8 | Explain how investments in capacity affect managerial decision making. |
| 1-9 | Discuss the professional organizations and certifications in the field of managerial accounting. |
| 1-10 | Describe the ethical responsibilities and ethical standards that apply to managerial accounting. |
