OEM 2311 - Oem: Managerial Accounting

Institution:

Babson College

Subject:

Description:

3.00 credits OEM2311 MAC: MANAGERIAL ACCOUNTING The Managerial Accounting stream in OEM builds upon the learning of the subject you started in Financial Accounting. While Financial Accounting focused on the use of financial statements by external constituencies, Managerial Accounting is focused on providing information to managers inside the company for decision making and performance measurement. We will start by understanding some basic cost concepts (e.g., cost type, cost behavior, cost of products and services). The stream will then move to the use of costs data to evaluate the design of operations and to make strategic managerial decisions. Some of the issues we explore are: how to select right mix of product and services, how to perform cost analysis for new product introduction, when to outsource some of the internal activities. You will also study how to prepare budgets to manage costs and how to use cost data to evaluate management performance. Throughout the semester we will explore interconnections between management accounting data, operations and organizational behavior. You will learn how the design of management accounting systems can support operations management and drive ethical behavior in organizations. Prerequisites: ACC1300, QTM 1300, QTM1310 and (FME1001 or (MIS1000 and MOB1000))

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.babson.edu

Phone Number:

(781) 235-1200

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Semester

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