Course Detail
Course Components:
In this course students will gain an understanding of how to use accounting information for decision making within an organization. Students will learn about management accounting systems and their use in decision-making while considering the limitations and assumptions underlying these data. Students will learn the following fundamental principles: 1) Ways to identify and extract relevant information from management accounting systems as an input to decisions concerning resource allocation and performance evaluation. This will include the estimation of cost functions using accounting data. 2) Forecasting and budgeting procedures. This will include the evaluation of risk and uncertainty. 3) Performance evaluation of products, divisions and managers. This will include inter-departmental allocations, outsourcing considerations, productivity measures, and the choice of performance metrics for compensation purposes, and the rationale behind the balanced scorecard. 4) Multinational firms and special considerations involved in the global economy. This will include multinational transfer prices and tax considerations.