Learn to use accounting information for operational decision making.
Throughout the course you will use a cost-volume-profit analysis to develop a keen understanding of the relevance of fixed, variable and semi-variable costs.
In a managerial accounting role, you’ll be responsible for making major decisions that will affect the operations of your organization. Planning, organizing, directing and controlling a firm requires the ability to budget, evaluate performance, use statistical analysis and much more. In ACC 536 Contemporary Managerial Accounting Topics, you’ll gain invaluable insight into these functions and see how they can be leveraged to help make major business decisions.
As you explore the principles that guide the effective management of accounting systems, you’ll gain a deeper understanding of manufacturing costs, product costs, direct costs and indirect costs. You’ll also review how costs flow through inventory accounts and are reflected in cost of goods.
The value chain and the concepts of value-added and non-value-added activities will be discussed as you review activity-based management and target costing. You’ll examine just-in-time (JIT) manufacturing systems, the cost of quality and key characteristics of quality measures.
Throughout the course you will use a cost-volume-profit analysis to develop a keen understanding of the relevance of fixed, variable and semi-variable costs. As you master the concept of contribution margin, you’ll begin to see how it is used to make more informed business decisions.
How can contribution margin be maximized when one factor limits productive capacity? Explore this concept and more in ACC 536.
The accounting information needed to make a decision depends on the specific situation. You’ll evaluate what information is useful, and not useful, when making business decisions, such as opportunity costs, sunk costs, out-of-pocket costs, and incremental costs.
You’ll also look at nonfinancial considerations related to decision making. You’ll immerse yourself in the concept and application of responsibility accounting including the role of cost centers, profit centers, and investments centers and you’ll see how contribution margin and responsibility margin are used to make short- and long-term business decisions.
Budgeting is a key factor and plays a critical role in a company’s fiscal success. You’ll examine the development and use of master and flexible budgets as well as the relationship between cash flow and profits. You’ll also see how to gauge return on investment, residual income, and economic values added. As you discuss capital investment decisions, you’ll delve into the concepts payback period, return on investment, and discounted cash flow as well as behavior issues relating to capital budgeting.
You’ll learn how incentives systems drive motivation and organization performance so you can become a more successful workforce manager.
Critical thinking cases test your analytical skills as you evaluate key concepts from the chapter and apply them to business decisions.
Throughout each week of the course, you will focus on a core topic or theme. Sample topics are listed below and are subject to change based on the instructor.
- Management Accounting: A Business Partner
- Costing and the Value Chain
- Cost-Volume-Profit Analysis
- Incremental Analysis
- Responsibility Accounting and Transfer Pricing
- Operational Budgeting
- Rewarding Business Performance
- Capital Budgeting
What You'll Learn
In ACC 536, you’ll focus on how to make accounting-related decisions for planning, organizing, directing and controlling a firm’s operations, including budgeting, performance evaluation, statistical analysis and transfer pricing.
- Understand the importance, nature, theory, principles, and accounting information used in the decision-making and budgeting processes within the accounting profession.
- Demonstrate critical thinking and effective writing skills by completing various writing exercises.
- Comprehend current ethical and corporate governance topics within the management accounting.
- Know and apply techniques to effectively manage key cost, compensation, and budgeting aspects of an enterprise.
You’ll acquire the decision-making framework and tools required to meet or exceed the ever-changing expectations of the accounting profession in ACC 536. For more information about this course or other courses in The University of Scranton’s online Master of Accountancy degree, request more information or call us today toll-free at (866) 373-9547.
The content presented on this page is representative information for example purposes and is subject to change as course and student needs change over time.