Business Communication Coursework

We will use the concepts of opportunity cost and organizational architecture as a framework for the study of managerial accounting.Opportunity cost is the conceptual foundation underlying decision-making; organizational architecture is the conceptual foundation underlying the use of accounting as part of the firm’s control system. Successfully completing Managerial Accounting is a prerequisite for taking Advanced Managerial Accounting.

We will use the concepts of opportunity cost and organizational architecture as a framework for the study of managerial accounting.Opportunity cost is the conceptual foundation underlying decision-making; organizational architecture is the conceptual foundation underlying the use of accounting as part of the firm’s control system. Successfully completing Managerial Accounting is a prerequisite for taking Advanced Managerial Accounting.

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Internal uses of accounting information include decision making and the implementation of control systems.However, managers and entrepreneurs need to attract capital to their organizations on favorable terms (and often have their compensation tied to organizational performance metrics) and so have incentives to bias their estimates of performance.Forecasts made by managers will tend to have some truth, but also some error because of uncertainty as well as bias introduced by the self- interest of the parties who are in-charge of the measurement process.Contact us if you experience any difficulty logging in.(Back to top) ADVANCED MANAGERIAL ACCOUNTING (AMA) Professor Richard Sansing This minicourse explores advanced topics in managerial accounting, which in turn focuses on how a manager should make decisions in the presence of accounting information.Access to society journal content varies across our titles.If you have access to a journal via a society or association membership, please browse to your society journal, select an article to view, and follow the instructions in this box.Two conceptual challenges arise when measuring corporate performance for financial reporting purposes. While cash flow in a period is an important indicator of a firm’s liquidity, and it is also an objective measure, it is an incomplete measure of a firm’s economic performance in a given time period.This is one version of the problem in performance measurement.The aim is to ascertain the value of a firm’s shares using commonly used valuation techniques, with a focus on fundamental analysis (project a firm’s pro-forma financial statements and discount its future free cash flows).The course relies on cases, active class participation, and team-oriented assignments.