AEM 4521

Cost Accounting and Management Control

Course Description

Course information provided by the Courses of Study 2022-2023. Courses of Study 2022-2023 is scheduled to publish mid-June.

Cost Accounting and Management Control is a senior seminar focused on managerial decision making and uses of internal accounting data (i.e., revenue and costs; incentive contracts; forecasts; etc.). You will integrate knowledge acquired in your undergraduate accounting courses with that from other courses, readings from current academic and professional literature, and related articles to sharpen skills related to cost assessment, performance evaluation, and managerial control. This course is designed to explicitly consider the role of uncertainty and other statistical issues when making corporate decisions. For the most part, this course is a "selected topics" course; focusing on topics intimately related with managerial decision making.

When Offered Fall.

Prerequisites/Corequisites Prerequisite: AEM 3230 or permission of instructor.

• Apply economic principles and analytic skills to cost assessment under uncertainty.
• Measure and evaluate costs for decision-making and performance evaluation purposes.
• Develop appropriate financial data for forecasting and decision making.
• Apply alternative performance assessment approaches.
• Recognize the costs and benefits of different cost allocation methods.
• Improve research and communication skills.

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