ACCT 320

Strategic Management Accounting

4 Undergraduate credits
Effective August 1, 1998 – Present

Graduation requirements this course fulfills

This course provides an introduction to the role of financial and nonfinancial information for planning and control decisions, emphasizing the strategic role of the management accountant in the organization. It emphasizes strategy and the application of concepts and practices of management accounting on economic and noneconomic decisions. Topics include: cost behavior and estimation; cost analysis for planning and control decisions including value chain analysis, target costing, quality costs, customer value measurement systems, and benchmarking; cross-functional teams; activity-based management; and capital budgeting.

Special information

Note: Refer to the course syllabus located in the Content section of the course D2L Web site and prepare the assignment for the first class meeting.

Learning outcomes

General

  • Demonstrate understanding of the roles, responsibilities and ethical considerations of management accountants within an organization.
  • Identify and appropriately use management accounting terminology and concepts, especially regarding costs in business organizations.
  • Perform a variety of financial and non-financial calculations in order to prepare schedules, statements and reports used in management accounting.
  • Make recommendations regarding the implementation of appropriate management strategies to support decision-making within a cross-functional organization.