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Management Accounting and Control
(657)
Credits: 3
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Acquisition-management professionals must have a
conceptual framework in accounting and an understanding of the reporting,
control and analytical environment in which the accountant functions. This
course is aimed toward the intelligent use of accounting and related data by
general management. It deals with accounting concepts, development of financial
statements, cash flow analyses, cost accounting, capital budgeting, management
control systems, financial accounting practices, tax accounting, accounting for
inflation, and foreign operations. The close relationship between accounting
and financial management is made clear.
Subjects covered include:
| Accounting in the Information Age |
Long Term Liabilities |
| Financial Statements and Business Transactions |
Long-Term Investments and International Transactions |
| Analyzing and Recording Transactions |
Reporting and Analyzing Cash Flows |
| Accrual Accounting and Financial Statements |
Analysis of Financial Statements |
| Completing the Accounting Cycle |
Managerial Accounting Concepts and Principles |
| Accounting for Merchandising Activities |
Job Order and Cost Accounting |
| Merchandise Inventory and Cost of Sales |
Process Cost Accounting |
| Accounting Information Systems |
Cost Allocation and Performance Measurement |
| Cash and Internal Control |
Cost-Volume-Profit Analysis |
| Receivables and Short-Term Investments |
Partnerships |
| Plant Assets, Natural Resources, and Intangibles |
Master Budgets and Planning |
| Current Liabilities |
Flexible Budgets and Standard Costs |
| Equity Transactions and Corporate Reporting |
Capital Budgeting and Managerial Decisions |
| Increase Your Understanding of |
. Accounting concepts and terms
. How accounting relates to financial management
. Accounting for inflation
. Foreign operations
. Management-control systems
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| Improve Your Ability to |
. Create budgets
. Analyze and develop balance sheets and cash flow statements
. Develop cost-benefit scenarios
. Gather and organize relevant accounting data
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Professor:
Gene Murabito, B.S., M.B.A.
Text:
Introduction to Managerial Accounting, by Peter Brewer, Ray Garrison, and Eric Noreen, McGraw-Hill
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