Managerial Accounting and Corporate Control

Course 2 of 3: MicroMasters® Program in Accounting 12 Weeks 8 – 12 hours per week
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About this course

Success in any organization requires measurement systems to support decision making. This course focuses on preparing and analyzing accounting information for internal decisions that are often required to be made by both accounting and non-accounting professionals. In particular, the course will highlight how internal accounting information can be used (and often misused) when making complex business decisions. Managerial accounting is not constrained by the rules and regulations that surround financial accounting, which allows us to develop tailored measurement systems that provide a framework for planning and control, as well as costing products, services, and customers.

Students enrolled in this course will learn to prepare basic financial statements (e.g., balance sheet and income statement). In particular, they will understand how direct and overhead costs influence inventory and cost of goods sold calculations and are accounted for under financial reporting. Further, they will also learn to understand the importance of budgeting and how standard costing and variance analysis are used in evaluating managerial performance. In addition, students will learn how cost behavior and financial information are used in operational decision making and pricing. Finally, students will gain a basic understanding of how cash flows are used in capital budgeting decisions.

Verified Learners will need to purchase a textbook in order to successfully complete the course. See the FAQ for details.

What You Will Learn

  • Understand the key technical aspects of managerial accounting, including basic terminology and internal measurement systems
  • How to confidently analyze information to make decisions, including identifying and analyzing costs, preparing budgets, and applying an economic framework
  • Understand accounting’s theoretical framework and its interdisciplinary links

Prerequisites

This course is intended for those who have junior or senior standing at a college or university, or have already attained at least a bachelor’s degree.

Frequently asked questions

Does this course require a textbook? 

Yes, if you are Verified Learner, a textbook is required. If you choose to verify, you will also need to purchase a copy of Garrison, R. (2018). Managerial Accounting (16th ed.). McGraw-Hill Higher Education. Print ISBN: 9781259307416, 1259307417: eText ISBN: 9781259995484, 1259995488. This textbook typically costs around $57.50 to rent and $93.75 to purchase permanently. A digital copy is acceptable.

 

Who can take this course?

Unfortunately, learners from one or more of the following countries or regions will not be able to register for this course: Iran, Cuba and the Crimea region of Ukraine. While edX has sought licenses from the U.S. Office of Foreign Assets Control (OFAC) to offer our courses to learners in these countries and regions, the licenses we have received are not broad enough to allow us to offer this course in all locations. EdX truly regrets that U.S. sanctions prevent us from offering all of our courses to everyone, no matter where they live.

Meet Your Instructors

Brian P. Miller

Brian P. Miller

Associate Professor of Accounting at Indiana University
Brian P. Miller is the PwC Faculty Fellow and Associate Professor at the Kelley School of Business at Indiana University. He received his Ph.D. from the Pennsylvania State University and has taught for more than 15 years at a number of universities. Professor Miller’s teaching interests focus on financial and managerial accounting an emphasis on decision making, where he is able to combine his practical experience with his research interests.He has taught a variety of MBA, Executive MBA, and PhD programs. In addition to more traditional classroom learning environments, he has had the opportunity to lead groups of MBA students to Guatemala, where students can apply the skills they learn in the classroom to consulting projects. He has received numerous teaching awards during his career. Prior to becoming an academic, he worked at public accounting and as a finance manager at Procter & Gamble. In particular, he served as a financial analyst in fabric care, a cost analyst in the company’s new business development group, and as a cost forecaster for a several billion dollar segment of the company. During his time at Procter & Gamble he was awarded the Outstanding Achievements in Fabric Care in Finance and Accounting. His research is focused on measuring managerial talent, management disclosure decisions, and the penalties managers pay for misreporting. His work has been published in several prestigious journals including The Accounting Review, The Journal of Accounting and Economics, Management Science, and The Review of Accounting Studies. He serves as an Associate Editor at Management Science and on the editorial boards at several other prestigious journals. He is also the recipient of the awarded American Accounting Association’s Notable Contribution to the Accounting Literature Award. In his free time, Brian loves spending time with his wife and kids, traveling, and competing in triathlons.
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Duration

12 Weeks

Experience Level

Advanced

Learning Partner

Indiana University

Program Type

MicroMasters®

Subject

Business & Management
Advanced Business Harvard X-Series