ACCT 5320 Accounting for Management Control
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Management accounting is a subsection of accounting that includes the information managers need to effectively plan, control, and makes operational decisions for a company. The study of management accounting is interdisciplinary because a management accounting system must provide useful information for the financing, operations, marketing, research and development of a company, and countless other activities. The main goal of this course is to provide you with the knowledge and tools to effectively use management accounting information. Specific goals of knowledge and tools include:
- Understand how to allocate costs and why.
- Development of basic concepts and the impact of various cost allocation methods.
- Understanding the relationship between cost behavior and value, quantity and profit.
- Learn how to use accounting information for planning, decision-making and continual improvement.
- Deep understanding of performance evaluation and management.
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