Course Description

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Management Accounting and Control (657)

Credits: 3

  

Acquisition-management professionals must have a conceptual framework in accounting and an understanding of the reporting, control and analytical environment in which the accountant functions. This course is aimed toward the intelligent use of accounting and related data by general management. It deals with accounting concepts, development of financial statements, cash flow analyses, cost accounting, capital budgeting, management control systems, financial accounting practices, tax accounting, accounting for inflation, and foreign operations. The close relationship between accounting and financial management is made clear.

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Subjects covered include:

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Increase Your Understanding of

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. Accounting concepts and terms
. How accounting relates to financial management
. Accounting for inflation
. Foreign operations
. Management-control systems

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Improve Your Ability to

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. Create budgets
. Analyze and develop balance sheets and cash flow statements
. Develop cost-benefit scenarios
. Gather and organize relevant accounting data

Texts: Introduction to Managerial Accounting, by Peter Brewer, Ray Garrison, and Eric Noreen, McGraw-Hill