Managerial Accounting   |  GMBA 1012

Description: This course examines the principles, techniques, and uses of accounting in the planning and control of business organizations from a management perspective. Identified are the budgetary process and related performance evaluation techniques, cost-volume-profit relationship, product costing methods, Just-In-Time (JIT) manufacturing, and Activity Based Costing (ABC). Related theory and application will also be reviewed.

Learning Objectives: Students will understand

  • how managers use and analyze managerial accounting information to make decisions.

  • how to prepare an operating budget and understand where and how to acquire the necessary information.

  • time value of money analysis using discounted cash flow technique.

  • interpret and explain the difference between net present value, internal rate of return and payback.

  • analyze a capital budget request.

Action Learning Project: Students will have one online exam and one creative project during this course.

1. The first will be an online exam to be taken between the sixth and eighth week of the course.

2. The second will be a research paper due between the twelfth and fourteenth week of the course.

*Students should consult with their online instructor on any questions regarding theme, design, research, etc.

Recommended Reading:

  • Managerial Accounting (3rd Edition; Jan 20, 2012 by Karen W. Braun and Wendy M Tietz

  • Schaum's Outline of Managerial Accounting, 2nd Edition (Schaum's Outline Series); Sep 28, 2011 by Jae Shim and Joel Siegel