ACCT 432 - Advanced Managerial Accounting
Advanced Managerial Accounting
This course uses cases extensively and introduces advancedmanagement accounting practices focused on helping managers achieve operational excellence, formulate and implement new strategies, and motivate organizational performance. The course covers current and topical management accounting practices being adopted by companies within a variety of business environments and the changing contexts therein. Management accounting is a discipline that requires analysis and interpretation of relevantinformation for use by management in planning and controllingthe organization’s activities, problem solving, decision-making,and in assuring the proper use of organizational resources. Asboth a provider and a user of such information, management accounts require skills grounded in cost accounting. The new role of management accounting calls for the ability to be a value-adding member of the management team combined with the ability to recognize the importance of, and use of non-financial performance measures. NOTE: Students cannot receive credit for both ACCT 432 and ACCT 4382.
Prerequisite: ACCT 328 or consent of the departmen