Accounting for Managerial Decisions

Course Description

This course covers the accounting processes designed to help management in decision making. The course will cover cost classifications that managers rely on for different purposes and how managers assign costs to products to facilitate internal decision making and external financial reporting. It covers differential analysis to help managers identify the costs and benefits that differ between alternatives. Planning (budgeting) and control systems, capital budgeting and investment decisions are also covered. Master budgeting to communicate management’s plans throughout the organization, allocate resources, and coordinate activities, and flexible budgeting to compute revenue and spending variances will be emphasized. Processes used by managers to control costs will be examined. Performance evaluation of product lines, divisions, and the firm including balanced scorecard and incentive systems are also covered. Prerequisites: 53:010:505. Prerequisite waived if a student has an undergraduate degree in accounting. Contact graduate advising.

Code

53:010:503

Credits

3

Subject

Accounting

Programs That Include This Course

• Graduate Certificate Certificate in Science and Technology Management
• Master's Master of Accountancy (M.Acc.)-Online
• Master's Master of Business Administration (M.B.A.)-On Campus
• Master's Master of Business Administration (M.B.A.)-Online