Faculty: Michaeli, B.
The objective of this course is to develop an understanding of the various ways in which accounting information is used by management to (1) make critical strategic and managerial decisions (e.g., product pricing, product mix, product line extensions, transfer pricing, cost cutting); and, (2) evaluate operating performance (e.g. awarding of bonuses and promotions, development of profit centers). Managers are typically inundated with a tremendous amount of accounting and other information. We will discuss methods of distilling the information in order to interpret what it could be telling us. In addition, we will be examining several recent trends in cost accounting.
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