About this course: In this course, you will explore how to use accounting to allocate resources and incentivize manager and employee behaviors in using these resources. You will also learn how financial and non-financial accounting information facilitates strategic performance measurement and how to integrate this information to continuously improve strategy. Upon successful completion of this course, you will be able to: • Understand the role of managerial accounting information in common business decisions • Differentiate relevant and irrelevant information • Avoid common pitfalls in business decisions • Prepare a master budget and its key components • Describe the iterative and interrelated nature of budgeting • Evaluate capital investments via a variety of measures • Understand how upper management uses variance analysis • Calculate, interpret, and investigate variances • Understand decentralization and its advantages and disadvantages • Compute and interpret financial performance measures • Communicate the role of non-financial measures and strategic performance measurement systems • Identify issues associated with performance measurement and incentives • Understand the nature and role of subjective performance evaluation This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.
Taught by: Gary Hecht, Ph.D., Associate Professor of Accountancy
Department of Accountancy, College of Business
| Basic Info |
Course 2 of 7 in the
Value Chain Management Specialization.
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| Commitment | 4 weeks of study, 6-8 hours/week |
| Language | English |
| How To Pass | Pass all graded assignments to complete the course. |
| User Ratings |
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|---|---|---|
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Overall a great course with relevant use of material. Suggestion for improvement-the balance scorecard. Knowing how that might be used in organizations would be helpful. Also, a few more case studies in the videos would be good. I would recommend this course to anyone looking to further their knowledge in decision making based accounting.
Great course, I does complement the Managerial Accounting course I took before. A lot of tools to apply in the work place. The videos and the examples are wonderful for the learning pourpose.
Outstanding ways to broaden knowledge!
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It is great and helpful, but I think it is kind of needed to be updated such as unavailable links to materials and some errors on the textbook.