ACC631M

Course Description

The second course in a two course sequence. Measurement, analysis, and use of accounting information for management decision-making. Variable costing and inventory management, capital budgeting and operational budgeting decisions, and performance measurement and control of cost/profit/investment centers.

Learning Outcomes

  • Evaluate relevant and irrelevant costs/revenues in choosing among alternatives such as ‘make or buy,’ rent or lease, etc., and understand the importance of quantitative as well as qualitative factors in the decision-making process.
  • Synthesize short-run from long-run pricing decisions including target-costing approach.
  • Evaluate business performance using the four perspective of balanced scorecard.
  • Apply the concept of ‘cost pools’ and bases for allocation using the direct allocation, step-down allocation, and reciprocal methods, as well as accounting for joint costs, by-product costs, spoilage, rework, and scrap.
  • Apply economic order quantity theory as a tool for the management and inventory control of materials.
  • Synthesize capital budgeting techniques such as discounted cash flows, net present value, internal rate of return, payback method, accrual accounting rate-of-return return, and sensitivity analysis to evaluate long-term investment alternatives.
  • Apply transfer pricing concepts in setting appropriate domestic and international transfer prices, based on cost, market, resources employed, and other considerations.
  • Evaluate return on investment using the DuPont method, residual income, and economic value methods to evaluate performance as an integral part of management control system, and apply these methods to a research case.

Prerequisites

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School of Business and Management

“Our business and management programs equip students with the knowledge and tools needed to lead their organizations and stay competitive in the job marketplace.”
School of Business and Management
Asya W.
Class of 2009