Do you like T-accounts and financial statements? Do you love huge complicated Excel spreadsheets that tell you what is the right or wrong decision? If so, this might not the class for you. This class is about management.
Accounting only serves as the basis to provide us with the figures we need to discuss and support decisions. The figures will only be one part of the equation. It will be rare in this class to obtain a mathematically correct solution. We will focus on the behavioral issues of management accounting instead. This will allow us to illustrate some of the real problems of management accounting in large corporations, for example drowning in huge amounts of reporting information which hardly anybody in the organization understands anymore; or eliminating profitable or strategically important products or services because a management accounting systems which produces endless mountains of opaque figures “proves” these items are not really making money.