MBA 503: Managerial Accounting

Overview

This course focuses on how managers use financial data for planning, decision making, and control purposes. You will learn how to use financial reports as information tools for evaluation and analysis in decision making. The course is designed to introduce you to how data derived from cost accounting systems are used to make business decisions and evaluate the performance of divisions working in the fast-moving information age.

Learning Outcomes

Upon successful completion of this course, students will be able to:

• Read and summarize financial accounting information.
• Identify and select accounting information relevant to managerial decision making.
• Present a reasoned argument for making a business decision based on the analysis of accounting information.
• Understand and identify the aspects of accounting that must be uniquely designed for tracking intangible assets and for financial management of knowledge-based businesses.
• Understand the implications for developing and implementing an appropriate accounting system that meets the needs of knowledge-based businesses and new global-based business operations.

Course Requirements

MS Excel

Required Texts
MBA 503 texts are available from the JIU/MBS bookstore