The Year 2 Managerial Accounting rubric is designed to assess students’ understanding of core accounting principles and their ability to apply these concepts in business decision-making. The rubric evaluates proficiency in cost behavior analysis; budgeting; performance measurement; and internal controls. Students will demonstrate their ability to classify costs; analyze cost-volume-profit relationships; and prepare operational budgets. These skills are essential for future managers who must allocate resources efficiently and evaluate financial performance. The rubric emphasizes critical thinking by requiring students to interpret variance reports and recommend corrective actions. This prepares them to identify inefficiencies and improve organizational processes. Students will also apply activity-based costing to allocate overhead costs accurately; a skill vital for pricing and profitability analysis. The rubric assesses their ability to use relevant costing methods for short-term decisions; such as make-or-buy analyses or special order evaluations. Ethical considerations are integrated into the rubric; ensuring students evaluate the implications of managerial decisions on stakeholders. Written communication is evaluated through clear explanations of accounting concepts and their business applications. Problem-solving skills are measured by students’ ability to analyze case studies and propose data-driven solutions. By meeting the rubric criteria; students develop a strong foundation in managerial accounting; equipping them for advanced coursework and real-world business challenges. The learning outcomes align with professional standards; fostering analytical and decision-making skills valued in accounting and management careers. Mastery of these competencies ensures students can contribute effectively to organizational success by leveraging financial data for strategic planning and operational control.
