Advanced Cost Accounting

2 credits · Owen Graduate School of Management

Accounting addresses the measurement, aggregation, and evaluation of economic information useful for decision making. This information is frequently consolidated, organized, and presented in the form of financial statements. MGT 6410 and 6411 address general purpose external financial reports, primarily the balance sheet, income statement, and statement of cash flows. These statements are provided to individuals outside the firm who do not have the authority to compel management to provide the information they desire. These statements are further described as external because their primary users are groups and individuals outside of the firm, such as shareholders, security analysts, and other interested parties. This course focuses on internally available information, much of which is not required for disclosure in the external financial statements. Analysis of such proprietary, internal information, the product of the firms managerial accounting systems, will be the course focus. Users of these internal information sources are managers, directors, investment bankers, consultants, internal and external auditors. This course is not available for students who have taken MGT 6413. Prerequisite MGT 6311 or equivalent. [2]