SHA 06 - Managerial Accounting in Action

Institution:

Cornell University

Subject:

Description:

This course covers the essentials of managerial accounting and information reporting. By learning how to interpret and apply financial information, you will achieve better operational forecasting and organizational performance. This course teaches you how financial reports measure business performance. It will help you understand how various operating tactics support your business strategy. After completing the program, you will understand the process of operational planning and cost-volume-profit analysis. Who Should Take This Course Hospitality professionals who seek an understanding of managerial accounting to make informed decisions that can enhance their current job performance, better solve organizational problems, or prepare them for advancement. Course Format This course contains the following modules: Fixed and Variable Costs Classifying fixed and variable costs Analyzing cost behaviors Understanding revenue per available room (RevPAR) Cost-Volume-Profit Analysis Setting profit goals Plotting and interpreting the CVP graph Comparing profits Projecting profits Variance Analysis Assessing profit projections Internal and external factors affecting profit Comparative Analyses Internal and external comparative analyses Accounting metrics Benefits to Learner Learners who complete this course will be able to: Categorize costs into "fixed," "mixed," and "variab Analyze cost behavior by using the appropriate accounting metrics Calculate desired profitability by using the appropriate accounting metrics Conduct a Cost-Volume-Profit (CVP) analysis to compare and project profits Conduct a variance analysis to compare projected and actual profits Perform internal and external comparative analyses using the appropriate accounting metrics Certificate Information This course can be applied to the following certificate: Master Certificate in the Essentials of Hospitality Management Sponsoring School Cornell University's School of Hotel Administration

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.cornell.edu

Phone Number:

(607) 255-2000

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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