Managerial Accounting: Tools for Facilitating and Guiding Business Decisions

Start Date: 07/05/2020

Course Type: Common Course

Course Link:

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About Course

In this course, you will explore how to use accounting to allocate resources and incentivize manager and employee behaviors in using these resources. You will also learn how financial and non-financial accounting information facilitates strategic performance measurement and how to integrate this information to continuously improve strategy. Upon successful completion of this course, you will be able to: • Understand the role of managerial accounting information in common business decisions • Differentiate relevant and irrelevant information • Avoid common pitfalls in business decisions • Prepare a master budget and its key components • Describe the iterative and interrelated nature of budgeting • Evaluate capital investments via a variety of measures • Understand how upper management uses variance analysis • Calculate, interpret, and investigate variances • Understand decentralization and its advantages and disadvantages • Compute and interpret financial performance measures • Communicate the role of non-financial measures and strategic performance measurement systems • Identify issues associated with performance measurement and incentives • Understand the nature and role of subjective performance evaluation This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and

Course Syllabus

In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. Decisions are at the heart of all organizations. In this module, you will also explore the nature and role of relevant information in common business decisions, and how such information facilitates these decisions and helps managers and employees avoid common pitfalls. You will also consider how the financial perspective adopted by accountants complements other, qualitative perspectives.

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Course Introduction

Managerial Accounting: Tools for Facilitating and Guiding Business Decisions This course focuses on the critical accounting skills necessary to make business decisions and guide financial decision-making. It will start by reviewing the current framework for assessing whether or not a decision has been guided by accounting for purposes of presentation. It will examine the nature of managerial responsibility in accounting for guiding financial decision-making. It will conclude by looking at the tools that have been developed to assist decision-makers in guiding their business decisions. Upon successful completion of this course, you will be able to: 1. Choose and apply the tools and techniques to guide business decisions 2. Assess the nature of managerial responsibility in accounting for guiding financial decision-making 3. Apply the tools and techniques to guide business decisions 4. Apply the tools and techniques to guide business decisions 5. Apply the tools and techniques to guide business decisionsManagerial Accounting: Tools for Facilitating and Guiding Business Decisions Maintaining a Positive Tone and an Effortless Approach Maintaining a Positive Tone and an Effortless Approach Maintaining a Positive Tone and an Effortless Approach Managerial Accounting: Planning and Remedying Business Decisions The focus of this course is on the core concepts and skills needed to

Course Tag

Accounting Cost Investment Analysis Of Variance (ANOVA)

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