Managerial Accounting

Catalog description

Managerial accounting includes a broad array of tools necessary to measure, analyze, and report financial and non-financial information that helps managers make decisions and fulfill organizational goals. Managerial information is key input to coordinate product design, production, marketing and sales decisions, and evaluate a company's performance. Managerial accounting tools are fundamental for motivating, evaluating, and rewarding employees. In contemporary business environments, fast paced and increasingly uncertain, managerial accounting is vital to develop and promote viable business initiatives, innovation, and change. Today's economy, characterized by hyper-connectivity, information overload, and highly competitive markets, requires effective cost accounting systems to sustain organizations in making better and timely decisions - with the goal of enhancing revenues and profits. Hence, this course equips students with a comprehensive framework and the technical knowledge to understand, prepare, and analyze managerial accounting reports. It also emphasizes interesting aspects of costing and pricing decisions and enrich class discussions with real-world business examples.