Management Accounting

Hanyang University

Course Description

  • Course Name

    Management Accounting

  • Host University

    Hanyang University

  • Location

    Seoul, South Korea

  • Area of Study

    Accounting, Finance, Financial Management

  • Language Level

    Taught In English

    Hours & Credits

  • Credits

    3
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    0
  • Overview

    Description

    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.

    Objective

    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

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