Principles of Managerial Accounting

3 units

Managerial Accounting focuses on figuring out how much things cost and using that information to make better managerial and strategic decisions. Most products and services require many inputs—different types of labor, materials, and overhead—many of which are shared across multiple product offerings and therefore must be thoughtfully allocated. The course develops tools for estimating and analyzing product and service costs, while emphasizing that businesses are dynamic: information, technologies, products, and production processes evolve over time. Accordingly, students learn not only how to construct costing systems, but also how to design and adapt those systems to support decision-making, evaluate trade-offs, and inform corporate strategy as organizations learn and change.