Advanced Managerial AccountingBack to Course Guide
The Advanced Managerial Accounting course will focus on problem solving for managerial accounting issues. Students will prepare for the role accountants have in planning and control of the organization. Students will also develop knowledge about and develop proficiencies in efficient techniques in analysis for decision making using cost information and economic insight. Students will also develop effective ways to communicate results and uphold ethical principles.
UPON COMPLETION OF THE COURSE, THE STUDENT WILL BE COMPETENT IN:
- Understanding the financial objectives of business.
- Understanding the relationship of risk and return.
- Determining the value of non-financial information to financial decision making.
- Performing a cost-benefit analysis.
- Performing a cost-volume-profit analysis.
- Evaluating cost behavior and its impact on profitability.
- Analyzing overhead costs.
- Analyzing costing and pricing data to make effective management decisions.
- Understanding how to manage costs over the product life cycle.
- Using benchmarking to perform analysis and set strategy.
- Communicating strategy through budgeting and forecasting.
- Monitoring the performance of a budget and performing variance analysis.
- Understanding the behavioral implications in the organization relating to the budget.
- Designing standard costs.
- Making capital investment decisions based on appraisal techniques.
- Evaluating investment projects.
- Evaluating projects using strategic management accounting.
- Integrating economic theory into pricing strategies.
- Utilizing performance measurements to analyze divisions.
- Identifying strategies for managing working capital.