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Beyond Grey Pinstripes
Administration Control/Managerial Accounting (2011)
This course integrates the fundamentals of managerial accounting with strategic analysis. It examines how accounting information is used to make business decisions, design control systems, and evaluate their impact on various stakeholder groups. The focus is on accounting as a measurement process; and how accounting measures ultimately influences managerial decisions and stakeholder relationships. We explore how different cost accounting information and systems affect decision making; and focus on using, rather than producing financial information. There are 6 modules:
1. Measurement, causality, and how measurement choices affect behavior. Issues related to information asymmetry and transparency are used to examine how information structure and control impacts all stakeholders.
2. The Balanced Scorecard as a measurement system for addressing stakeholder motivations and resource expectations. It provides accountability measures for the organization’s stakeholder commitments.
3. Information quality and creating information integrity and transparency. It also includes Giving Voice to Values when information integrity is compromised.
4. Examine cost behavior and its long and short term implications for risk and opportunity assessment
5. Budgeting from a strategic and operational perspective and its impact various stakeholder groups.
6. Overhead Allocation through Activity Analysis is used to assess how inputs lead to outputs and balancing stakeholder goals.