| Provides a basic understanding of published external financial statements and the use of accounting data for planning, control, and decision making within the organization. Explores the principles, concepts, and alternatives underlying external financial reports, as well as the processes involved in their preparation. Emphasizes the generation and use of accounting information for internal purposes, with emphasis on the information needs of managers. Major areas include product costing, cost behaviour and estimation, profit planning, budgeting, and performance evaluation. The behavioral implications of accounting-based decisions also considered.Prerequisite(s): None. |
