Seoul, South Korea
Area of Study
Accounting, Finance, Financial Management
Taught In English
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units0
Hours & Credits
This is an introductory course that focuses on managerial tools needed by corporate professionals. Management accounting studies the generation, communication, and use of information for operational and strategic decision-making purposes. It is designed to provide you with an understanding of the basic managerial accounting concepts and tools for decision-making in planning and control for individuals internal to the organization.
* We learn the materials from the perspective of users of managerial information. Therefore, the basic underlying theme is to build students’ understanding of how managers interpret and use the information in the three primary internal functions: planning operations, controlling activities, and decision-making. Successful completion of this course help you develop analytic and problem-solving skills required to manage the financial aspect of the organization.
Field Trip / Invited Speaker
Depending on the schedule and students’ interest, the instructor may be able to arrange a 2-3 hour field trip and plans for the students to get the “feel” of the managerial accounting. Students have an opportunity of hearing from managerial accountants about how accountants aid in planning and control and employment opportunities as well. The instructor will be contacting some accountants in Korea. Instead of the field trip, we could arrange to invite an accountant to speak in class.
Learn how product costs are determined
Understand cost behavior and cost-volume-profit relationship
Understand how budgets are prepared and used in planning and control
Study measures used in management performance evaluation
Utilize various accounting information to make business decisions