Accounting for Strategic Decision-Making

Catalog description

This course explores the understanding and application of managerial accounting concepts needed to support effective and efficient management decision-making. Students practice and apply cost accounting concepts, emphasizing its importance in financial decision-making, planning and control in business environments. Students explore how organizations can benefit from established financial controls to ensure earlier and better insight to making difficult decisions. The relationship between cost, profits and volume, financial decision-making techniques, and the use of budgets as a control mechanism are explored.