Fundamentals of Managerial Accounting

Catalog description

This course introduces students to the use of accounting information forinternal planning, analysis, and decision-making. The main objective of the course is to equip our MBA students with the knowledge to understand, evaluate, and act upon the many financial and non-financial reports used in managing modern firms. The course emphasizes that managing the modern firm requires financial and non-financial information about the firm's products, processes, assets, and customers. This information is a key input into a wide range of analytical tools to support decisions: analyzing profitability of various products, managing product-line portfolios, setting prices, measuring and managing profitability of customers, making operational and strategic decisions, evaluating investments, investigating efficiency, and so on. Using numerous case studies, the course will explore the following key topics:multiple objectives of management-accounting systems; direct and absorption costing; activitybased costing; customer-profitability analysis; cost-volume-profit analysis; relevant costs, opportunity costs, and business decision analysis.