Managerial Accounting In Service Industries

Catalog description

Interpreting, analyzing, and making decisions based on financial data are core management competencies critical for business success. This course is designed to enable students to interpret and analyze financial data within dynamic and fast-paced service industries. This course focuses on the application of accounting principles, financial tools, and decision-making strategies in service industries. Prerequisite(s): MGMT 20000 FOR LEVEL UG WITH MIN. GRADE OF C- OR HTM 14100 FOR LEVEL UG WITH MIN. GRADE OF C- Course Learning Outcomes 1. Describe the financial statements and relationships between key accounting line items. 2. Utilize financial analysis to identify the strengths and weaknesses of a service business. 3. Apply various cost behaviors to make pricing decisions. 4. Utilize the relationships between cost, volume, and profit to make pricing and budgeting decisions. 5. Demonstrate proficiency in using Excel to make managerial accounting decisions. View Class Schedule