BUS 620 - Advanced Managerial Accounting

3 Hour(s)

This course integrates fundamental managerial accounting topics with strategic analysis to demonstrate how accounting information is used to make business decisions, design control systems, and evaluate the impact on various stakeholder groups. This class addresses issues of measurement and causality. Accounting is a measurement process and, for measures to be meaningful, it is necessary to know what to measure, how to measure, and what the consequences of the measure will be. During the class, there is a balance between accounting computations and use of the resulting information to make decisions. The course explores how different accounting systems affect how decisions are made within an organization. The focus is on information used for internal decision-making purposes. The course is designed for the MBA who will be using, rather than producing financial information. Accounting is often referred to as “the language of Business.” In almost any management position in business, managers need to understand their managerial accounting reports to help them better manage their areas of responsibility.