Managerial Accounting

Introduction to measuring and communicating the financial information to manage an organization. Introduction to spreadsheet programming, using basic managerial accounting concepts. Topics include job order and standard costing systems, cost behavior, and estimation, cost-volume-profit analysis, budgeting and short-term decision making. At the end of the course the students should be able to understand the basic terms and concepts of managerial accounting, understand the difference between management and financial accounting, establish a methodology for breaking down costs logically in order to use this information for analytical and planning purposes.
Students should also be able to practically apply various methods to analyze, interpret, forecast and budget cost and revenue information. The techniques used employ conceptual thinking and detailed analysis in order to derive accurate information to be used in the decision-making process.