PMBA 6310 Managerial Accounting and Control Systems
This course starts by introducing non-accountant managers to the accounting framework, classifications of assets, liabilities, and equities, and the interconnectedness of the financial statements. Special emphasis is be placed on ratio analysis, managing working capital, the cash conversion cycle, and recognizing the importance of accounting concepts such as matching, recognition, accrual, and the accounting period to managerial decision-making. The fundamentals of cost analysis including job-order costing, cost-volume-profit analysis, activity-based costing, and standard costs and variance analysis will be given in depth coverage. Finally, students will examine the role of incentives created by the regulatory environment as well as a firm’s governance structure, compensation policy, and code of ethics on a firm’s internal control systems.