AC 5310 - Accounting for Decision-Making

Leaders must assess risk and implement strategy through planning, budgeting, and forecasting. Management Accounting is the process of analysis, interpretation and presentation of accounting information collected with the help of financial and cost accounting, in order to assist in the process of decision making, creation of policy, and day-to-day operation of an organization. This course will provide a foundation for students to identify, measure, analyze, and interpret accounting information to assist in making sound financial decisions. This course prepares students to more effectively and ethically lead and influence situations where financial issues play a key role. Students will examine the economic concepts, financial tools, and data used by leaders to assess conditions, predict inconsistencies, and take action to influence performance. While developing business acumen, this course will provide a foundation to the concepts and principles of managerial accounting to include accounting principles, standards, systems, budgeting, budget variant analysis, and their relationship to the strategic decision-making process. Toward this end, students must understand the financial and operational sides of the business and must be able to prepare and report on financial and nonfinancial measures of performance. (Pre-requisites: MG 5140 ) Credits: 4