Accounting Analysis for Planning and Control

Description

An introduction to the use of accounting information and analysis for management decisions and control of an organization. The purpose of the course is to learn techniques necessary to understand an organization's costs to allow for the preparation and analysis of an organization's budget. Further, the course provides techniques to analyze cost-volume-profit relationships and the use of a company's contribution margin to evaluate sales volumes, set appropriate selling prices, and determine appropriate sales mixes necessary to achieve desired profit levels. The course uses cost analysis to understand managerial decisions such as whether to outsource, eliminate or add a business segment, and accept special orders, and how these decisions are navigated in an international context. When taught in London, this course includes opportunities to meet with practitioners working in one of the world's financial capitals, and case studies focused on using these core techniques to evaluate decision making in a globalized, multinational business environment (Equivalent to ACCT 20200 )