This course includes discussion on topics related to ethical and social issues: for example, students analyze a firm's performance evaluation system (ethics of CEOs/CFOs' decision making to enhance compensation) and discuss tax avoidance practices of multinational firms through favorable transfer pricing.
Additionally, the course is a study of the basic concepts, measures, techniques, and approaches of managerial accounting. The emphasis is on understanding and developing accounting and economic concepts for decision making within profit-making and not-for-profit organizations related to such topics as short-term and long-term planning, performance measurement, transfer pricing, and traditional and contemporary product costing systems. The application of the basic concepts and approaches to small and large-sized domestic and global organizations is emphasized. Where appropriate, contemporary managerial accounting issues are stressed.