Each student will gain competence by applying these principles through exercises and cases. The management accountant's role is to provide timely and accurate information to assist management in achieving the firm's goals. This is an integrative role, which requires the management accountant to understand the firm's strategy, and to understand how both financial and non-financial information is developed across all the management functions. You will be expected to show competence in applying the fundamentals of management accounting, determining product costs, and in the use of developed cost data to provide operational control, management control, and management planning and decision making.
Accounting is an applicable skill.
Most work in this class will require that you not only know the basic theories involved but you will be expected to be able to apply the theory to problems. This expectation makes the course more difficult. Business 305 is conceptual with a variety of methodologies. My obligation is to present the material in an understandable manner, your objective should be to excel. Come to class with the assignment read and be prepared to listen, question, and be actively involved.