Managerial Accounting: Planning, Standard Costing, and Performance Measurement

The focus of managerial accounting is to provide key information to internal parties (e.g., managers) to enable them to make better business decisions. This course will introduce you to planning and performance measurement concepts critical to managerial decision-making.

About The Course

Learn the methods and uses of accounting that are of greatest interest for managerial planning and decisions within organizations.

Managerial planning is the process of formulating an organization’s objectives and goals and the methods to achieve these goals. Managerial control is the process by which managers attempt to ensure the efficient and effective achievement of these objectives and goals. Examine how various types of accounting data can and do influence managers’ planning and control decisions and enhance your ability to make informed decisions within and for an organization.

Frequently Asked Questions

How does this course fit into the Improving Business Finances and Operations Specialization?

This is the second course in the track.

Illinois is a world leader in research, teaching, and public engagement, distinguished by the breadth of our programs, broad academic excellence, and internationally renowned faculty.

Recommended Background

Basic knowledge of introductory financial accounting concepts is recommended.