你将学到什么
Understand the key technical aspects of managerial accounting, including basic terminology and internal measurement systems
How to confidently analyze information to make decisions, includingidentifyingand analyzingcosts, preparingbudgets, and applyingan economic framework
Understandaccounting’s theoretical framework and its interdisciplinary links
课程概况
Success in any organization requires measurement systems to support decision making. This course focuses on preparing and analyzing accounting information for internal decisions that are often required to be made by both accounting and non-accounting professionals. In particular, the course will highlight how internal accounting information can be used (and often misused) when making complex business decisions. Managerial accounting is not constrained by the rules and regulations that surround financial accounting, which allows us to develop tailored measurement systems that provide a framework for planning and control, as well as costing products, services, and customers.
Students enrolled in this course will learn to prepare basic financial statements (e.g., balance sheet and income statement). In particular, they will understand how direct and overhead costs influence inventory and cost of goods sold calculations and are accounted for under financial reporting. Further, they will also learn to understand the importance of budgeting and how standard costing and variance analysis are used in evaluating managerial performance. In addition, students will learn how cost behavior and financial information are used in operational decision making and pricing. Finally, students will gain a basic understanding of how cash flows are used in capital budgeting decisions.
Verified Learners will need to purchase a textbook in order to successfully complete the course. See the FAQ for details.
预备知识
This course is intended for those who have junior or senior standing at a college or university, or have already attained at least a bachelor’s degree.
常见问题
Does this course require a textbook?
Yes, if you are Verified Learner, a textbook is required. If you choose to verify, you will also need to purchase a copy of Garrison, R. (2018). Managerial Accounting (16th ed.). McGraw-Hill Higher Education. Print ISBN: 9781259307416, 1259307417: eText ISBN: 9781259995484, 1259995488. This textbook typically costs around $57.50 to rent and $93.75 to purchase permanently. A digital copy is acceptable.
