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Managerial Accounting and Corporate Control

Accounting,

Success in any organization requires measurement systems to support decision making. This course focuses on preparing and analyzing accounting information for internal decisions that are often required to be made by both accounting and non-accounting professionals. In particular, the course will highlight how internal accounting information can be used (and often misused) when making complex business decisions. Managerial accounting is not constrained by the rules and regulations that surround financial accounting, which allows us to develop tailored measurement systems that provide a framework for planning and control, as well as costing products, services, and customers.

Students enrolled in this course will learn to prepare basic financial statements (e.g., balance sheet and income statement). In particular, they will understand how direct and overhead costs influence inventory and cost of goods sold calculations and are accounted for under financial reporting. Further, they will also learn to understand the importance of budgeting and how standard costing and variance analysis are used in evaluating managerial performance. In addition, students will learn how cost behavior and financial information are used in operational decision making and pricing. Finally, students will gain a basic understanding of how cash flows are used in capital budgeting decisions.

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What you'll learn

  • Understand the key technical aspects of managerial accounting, including basic terminology and internal measurement systems
  • How to confidently analyze information to make decisions, includingidentifyingand analyzingcosts, preparingbudgets, and applyingan economic framework
  • Understandaccounting’s theoretical framework and its interdisciplinary links

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Length 12 weeks
Effort 8 - 12 hours per week
Starts On Demand (Start anytime)
Cost $499
From IUx, Indiana University via edX
Instructor Brian P. Miller
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business & Management

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Rating Not enough ratings
Length 12 weeks
Effort 8 - 12 hours per week
Starts On Demand (Start anytime)
Cost $499
From IUx, Indiana University via edX
Instructor Brian P. Miller
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business & Management

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