BASM 334 - Accounting for Managers

1. Assess an organization’s operational conditions by interpreting its key financial statements.
2. Project future strategy and organizational decisions by analyzing financial statements.
3. Compose comprehensive budgets by constructing activity based financial models.
4. Examine contemporary responsibility accounting issues relevant to US GAAP and SOX such as revenue recognition and depreciation by researching its application in student’s field of interest.  
5. Evaluate the correlations between bias and managerial fiduciary responsibility by researching its impact in student’s chosen field of interest.

1. How accounting systems can provide information and data for management decision making in manufacturing, merchandising, and service companies.
2. Business problems from a management point of view using both quantitative analysis and qualitative analysis.
3. Managerial accounting reports that provide both objective measures of past operations and future estimates using master budgets, flexible budgets, and standard costs.
4. Various cost management systems, e.g. activity based, just-in-time and quality management systems.
5. Basic financial statements including cash flow activities.
6. Income analysis using various costing assumptions, including variable costing, absorption costing and cost-volume-profit analysis.
7. Basic product costing methods such as job order costing and process costing.
8. Responsibility accounting and performance evaluation practices.