The Excelsior College Examination in Managerial Accounting measures knowledge and understanding of material typically taught in a lower-level undergraduate course in managerial accounting. This examination tests for comprehension of basic managerial accounting principles in pursuit of organizational goals and strategies. The exam tests for familiarity with the fundamentals of basic unit costs, cost flow management systems and processes, budgeting and performance measurement, and cost analysis and pricing decisions. Thinking as a manager/accountant, the test taker should be able to identify relevant information and the appropriate methods for analyzing information while working in a financial, global, and ethical environment.