Inside an organization, accountants are concerned with the internal generation, communication, and interpretation of information for both operational and strategic decision-making. This course provides an introduction of the fundamental principles of this role of accounting. Course topics include the role and different types of costing systems, analyses for common business decisions, and the use of budgets in operations and investments.
Upon successful completion of this course, you will be able to:
• Identify and understand the nature, purpose, and importance of different types of decision-useful accounting information.
• Identify and apply fundamental analytic/quantitative tools and techniques used to generate decision-useful accounting information.
• Explain the role of budgets in resource allocation planning, as well as operational and investment decisions.