Introduction to Managerial Accounting
MGT 312
Course Description:
Accounting addresses the measurement, aggregation, and evaluation of economic information useful for decision making. This information is frequently consolidated, organized, and presented in the form of financial reports. Regarding these financial reports, FASB Concept Statement Number 1, states (paragraph 9), ?Financial reporting is not an end in itself but is intended to provide information that is useful in making business and economic decisions?for making reasoned choices among alternative uses of scarce resources in the conduct of business and economic activities.?
This course is divided into two parts. First, we will examine firms? managerial accounting systems and their use in decision-making. Second, we will examine these accounting systems and their use in planning, control, and performance evaluation. We begin the course with a discussion of the basic vocabulary and mechanics of managerial accounting systems. For the remainder of the course, we will focus on how to identify and extract relevant information from managerial accounting systems as an input to decision making and performance evaluation. Throughout, we consider the limitations of, and assumptions underlying, these data. The course objectives are reinforced through the lecture notes and course packet readings, assigned case write-ups, class and group discussions and problem-solving, and exams. There is a required course packet containing lecture notes and cases. There is a supplementary optional text for those desiring additional reading.
2 Credit(s)
Prerequisite(s):
Faculty:
- Richard Willis (View Profile)
Subject Area(s):
- Accounting and Taxation
Program(s):
- MBA
Please Note: Not all courses are scheduled each semester. Complete class schedules are available upon enrollment.
