Strategic Cost Analysis and Control

  • 7-weeks
  • 1.5 credits
  • Prerequisite:

One key component of strategic planning and implementation is financial viability and returns. The objective of this module is to help students be more effective in using financial (e.g., accounting) information to increase their competitive advantage. In addition, this module helps students be more effective in designing and implementing these systems. The course is "accounting" in the sense that it deals with financial information. It is "managerial" in the sense that it focuses on using accounting information intelligently as a manager, rather than focusing on preparing the information as a good accountant. In this vein, it is a course in accounting appreciation rather than accounting methodology, per se. This module consists of two components. The first component focuses on the use of financial information in strategic decision-making. The second component focuses on financial control systems used in strategy implementation.