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Accounting for Business Decision Making: Measurement and Operational Decisions
  • Level Foundation
  • Duration 16 hours
  • Course by University of Illinois Urbana-Champaign
  • Offered by

About

Accounting information is the lifeblood of the organization as it facilitates and influences operational and strategic decisions intended to achieve organizational goals. Organizations benefit from three decision-oriented roles of accounting: measurement, control, and communication. This course provides an introduction to accounting’s measurement role inside of an organization and how accountants communicate information that helps managers and employees make operational decisions. In particular, you will learn how cost information is created and organized to help managers and employees conduct profitability analyses, develop and choose products, make pricing decisions, and make common business decisions. Upon successful completion of this course, you will be able to: • Identify the nature, purpose, and importance of different types of decision-useful accounting information. • Create, organize, and communicate cost information to best suit common operational decisions. • Use accounting information to manage products, control costs, and leverage other drivers of operational success. If you enjoy this business course and are interested in an MBA, consider applying to the iMBA, a flexible, fully-accredited online MBA at an incredibly competitive price offered by the University of Illinois. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

Modules

About the Course

    • 2 Readings
    • 1 Assignment
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1 Assignment

  • Orientation Quiz

2 Readings

  • Syllabus
  • About the Discussion Forums

About Your Classmates

    • 1 Readings
    • 1 Discussion
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1 Discussions

  • Getting to Know Your Classmates

1 Readings

  • Updating Your Profile

Module 1 Information

    • 2 Readings
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2 Readings

  • Module 1 Overview
  • Module 1 Readings

Lesson 1-1: Introduction to Decision Making in Organizations

    • 3 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 1-1 Practice Quiz

3 Videos

  • 1-1.1. Overview of Business Decisions
  • 1-1.2. Application and Extension
  • 1-1.3. What We’ve Learned

Lesson 1-2: Role of Accounting in Organizational Decision Making

    • 4 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 1-2 Practice Quiz

4 Videos

  • 1-2.1. Overview of Managerial Accounting
  • 1-2.2. Decision-Making Roles of Managerial Accounting
  • 1-2.3. Application and Extension
  • 1-2.4. What We’ve Learned

Module 1 Activities

    • 1 Assignment
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1 Assignment

  • Module 1 Conceptual Quiz

Module 2 Information

    • 2 Readings
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2 Readings

  • Module 2 Overview
  • Module 2 Readings

Lesson 2-1: Basic Cost Concepts

    • 3 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 2-1 Practice Quiz

3 Videos

  • 2-1.1. Defining Costs
  • 2-1.2. Application and Extension
  • 2-1.3. What We’ve Learned

Lesson 2-2: Organizing Cost Information

    • 6 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 2-2 Practice Quiz

6 Videos

  • 2-2.1. Importance of Organizing Cost Information
  • 2-2.2. Organizing Costs by Product
  • 2-2.3. Further Refinements
  • 2-2.4. Organizing Costs by Behavior
  • 2-2.5. Application and Extension
  • 2-2.6. What We’ve Learned

Module 2 Activities

    • 1 Assignment
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1 Assignment

  • Module 2 Conceptual Quiz

Module 3 Information

    • 2 Readings
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2 Readings

  • Module 3 Overview
  • Module 3 Readings

Lesson 3-1: Fundamental Analyses

    • 4 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 3-1 Practice Quiz

4 Videos

  • 3-1.1. Measuring Profitability According to Cost Behavior
  • 3-1.2. Defining and Using Cost-Volume-Profit Analysis
  • 3-1.3. Application and Extension
  • 3-1.4. What We’ve Learned

Lesson 3-2: Analysis Interpretation and Decision Making

    • 4 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 3-2 Practice Quiz

4 Videos

  • 3-2.1. Interpreting CVP Analysis
  • 3-2.2. Limitations of CVP Analysis
  • 3-2.3. Application and Extension
  • 3-2.4. What We’ve Learned

Module 3 Activities

    • 1 PeerReview
    • 2 Assignment
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2 Assignment

  • Module 3 Conceptual Quiz
  • Module 3 Quantitative Analysis Quiz

1 Peer Review

  • Module 3 Peer Review Assignment

Module 4 Information

    • 2 Readings
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2 Readings

  • Module 4 Overview
  • Module 4 Readings

Lesson 4-1: Information for Operations-Based Decisions

    • 5 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 4-1 Practice Quiz

5 Videos

  • 4-1.1. Identify Common Operations-Based Decisions
  • 4-1.2. Creating and Using Relevant Information
  • 4-1.3. Application – Make or Buy?
  • 4-1.4. Application – Manage Product Lines
  • 4-1.5. What We’ve Learned

Lesson 4-2: Information for Sales-Based Decisions

    • 4 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 4-2 Practice Quiz

4 Videos

  • 4-2.1. Identify Common Sales Decisions
  • 4-2.2. Application – Special Orders
  • 4-2.3. Application – Sell Now, or Process Further?
  • 4-2.4. What We’ve Learned

Module 4 Activities

    • 1 Videos
    • 1 Readings
    • 1 Discussion
    • 1 PeerReview
    • 1 Plugin
    • 2 Assignment
Show info about module content

2 Assignment

  • Module 4 Conceptual Quiz
  • Module 4 Quantitative Analysis Quiz

1 Peer Review

  • Module 4 Peer Review Assignment

1 Discussions

  • Final Reflections

1 Videos

  • Learn on Your Terms

1 Readings

  • Congratulations on completing the course!
Gary Hecht, Ph.D.
Instructor

Gary Hecht, Ph.D.