This course provides students with an inclusive framework for understanding management accounting. Via opportunity costs and organizational architecture, we examine the trade-offs created by accounting systems. By the end of the course, students will know and appreciate the strengths and limitations of an organization’s accounting system and be equipped to design and use accounting systems for decision making and control.
Much of our discussion will focus on the theoretical and conceptual underpinnings of accounting systems. We also will work through numerous contextually-rich problems and cases. Moreover, we will use ample real-world examples to both motivate and illustrate the integral roles of management accounting in organizations.