Managerial Accounting

4.0 credits

ACC 221 provides students with a framework to understand and use internal reporting. It is not a course about cost accounting (i.e., journal entries, accounting for scrap etc.). Rather, it trains students to utilize internal accounting in strategic decision making with an aim to improving profitability and efficiency. Most employers expect leading business school candidates to have a high aptitude for understanding, performing and applying financial analyses, including cost analyses. Pricing decisions require cost analyses. Corporate finance is responsible for the firms financial reporting and control systems. Investment banks and consulting firms sell their services to clients, on the ability of their personnel to do careful, comprehensive financial analyses. Managing and motivating people in organizations involve developing appropriate performance measures. ACC 221 teaches you how to apply economics, coupled with the firms accounting system, to make decisions and motivate people in organizations.