MBA515 - Accounting for Management Decisions

Crosslisted: HA514

This course emphasizes the use of accounting data and analytical techniques employed by management for decision-making in for-profit and not-for-profit businesses and governmental organizations. Students will study, evaluate and apply analytical techniques as part of the broader management accounting process used to analyze, evaluate and convey their recommendations concerning economic events related to management decisions. Areas covered include: cash flow analysis, financial statement analysis, ratio analysis, variable costing, product costing, cost prediction, cost-volume-profit considerations, operational budgeting, variance analysis, return on investment and capital budgeting decisions. The course uses discussion, problems, accounting case studies and a term project to evaluate the student’s comprehension of the material.
Prerequisite(s): MBA 500
Fulfills: 4+1
Credits: 3
History: AC515, AC600Course Learning Outcomes

Demonstrate a basic knowledge of managerial accounting and applicable professional standards.
Analyze internal management issues to determine the accounting impact on the decision-making process.
Distinguish between managerial and financial accounting in the decision-making process within the business.
Assess current managerial accounting issues and how they affect the business environment.
Analyze a firm’s financial statements (vertical and horizontal analysis, ratio analysis, segment reporting, etc.) in order to ascertain the performance on its business units.
Develop an operational, financial, and capital budget for a business.
Explain the role of responsibility management accounting and its implications for the manager.