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Managerial Accounting: Tools for Facilitating and Guiding Business Decisions

 

About this Course

In this course, you will explore how to use accounting to allocate resources and incentivize manager and employee behaviors in using these resources.

You will also learn how financial and non-financial accounting information facilitates strategic performance measurement and how to integrate this information to continuously improve strategy.

Upon successful completion of this course, you will be able to:

  • Understand the role of managerial accounting information in common business decisions
  • Differentiate relevant and irrelevant information
  • Avoid common pitfalls in business decisions
  • Prepare a master budget and its key components
  • Describe the iterative and interrelated nature of budgeting
  • Evaluate capital investments via a variety of measures
  • Understand how upper management uses variance analysis
  • Calculate, interpret, and investigate variances
  • Understand decentralization and its advantages and disadvantages
  • Compute and interpret financial performance measures
  • Communicate the role of non-financial measures and strategic performance measurement systems
  • Identify issues associated with performance measurement and incentives
  • Understand the nature and role of subjective performance evaluation

This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

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Managerial Accounting: Tools for Facilitating and Guiding Business Decisions

  About this Course In this course, you will explore how to use accounting to allocate resources and incentivize manager and employee behaviors in using these resources. You will also learn how financial and non-financial accounting information facilitates strategic performance measurement and how to integrate this information to continuously improve…
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Edzai Conilias Zvobwo is passionate about empowering Africans through mathematics, problem-solving techniques and media. As such, he founded MathsGee. Through this organisation, he has helped create an ecosystem for disseminating information, training, and supporting STEM education to all African people. A maths evangelist who teaches mathematical thinking as a life skill, Edzai’s quest has seen him being named the SABC Ambassador for STEM; he has been invited to address Fortune 500 C-suite executives at the Mobile 360 North America; was nominated to represent Southern Africa at the inaugural United Nations Youth Skills Day in New York; was invited to be a contributor to the World Bank Group Youth Summit in 2016; has won the 2014 SADC Protocol on Gender and Development award for his contribution to women’s empowerment in education; and has partnered with local and global firms in STEM interventions.

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