90-725 Management Accounting

6 units, Carnegie Mellon University

Information provided by external financial reporting financial statements is compiled too late to be actionable to change an organizations performance, it is also too aggregated for managers to use in making strategic decisions. Managers must make numerous daytoday decisions to effectively operate their business profitably, they must also adjust to changing external and internal situations. The purpose of this class is to familiarize students with the language and techniques of managerial accounting and to develop and sharpen their analytic capabilities. Students will gain insight into cost systems and cost behavior, how to evaluate performance and compare alternatives. This course focuses as much as possible on the practical application of managerial analysis. This course relies heavily on performing calculations and interpreting the results. Material is presented in a combination of lecture and modeling exercises. It is assumed that participants have a general knowledge of accounting as well as a basic knowledge of Excel.

Prerequisites: 90-723 (min C) or 95-715 (min C)

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