Managerial Accounting: Tools for Facilitating and Guiding Business Decisions
School: University of Illinois
Registration Link: Managerial Accounting: Tools for Facilitating and Guiding Business Decisions
Start Date: June 22, 2015 (4 Weeks Long)
Workload: 6-8 Hours Per Week
Instructor: Dr. Gary Hecht
Credentials: A respected researcher and teacher, Hecht is an associate professor of accountancy at the University of Illinois, where he teaches at the undergraduate, MBA, and PH.D. levels. A practitioner and an academic, Hecht worked in auditing and taxation, financial analysis, and consulting for ten years before earning his Ph.D. at the University of Illinois. From there, he taught at Emory University and the University of Wisconsin before returning to Champaign in 2013. His recent research, which focuses on compensation and performance measurements, has been published by The Journal of Accounting Research, The Accounting Review, and Contemporary Accounting Research. Most recently, Hecht was listed among the school’s professors ranked as “Excellent” by their students.
Graded: Not Specified
Description: Why do companies make the decisions they do? Often, the process hinges on managerial accounting, the internal numbers related to costs, projections, revenues, and budgets. In this course, Hecht will explore the fundamental “planning and control functions of managerial accounting, including budgeting, standard casts, variation analysis,” and strategic performance measurement systems. In addition, students will learn the basic vocabulary of managerial accounting. The course will be taught through readings and video lectures, with students evaluated via quizzes.
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Additional Note: Hecht encourages students to come to class with a basic knowledge of financial accounting principles. Please note that this course is the second part of an Improving Business Finances and Operations specialization. This six course track, which costs $79 per course for students seeking certification, also requires a capstone project.