Introduction to Managerial Accounting

Your specific SLP assignment for this Module is to select an organization for your project. You may consider any of these organizations as long as you have enough access to that organization to respond to the assignments. [Note: you will not be asked to reveal any proprietary or confidential information in your reports. Most of your reports will be based on your observations.]

You need only one organization. You may choose an organization among three categories below.

• The business for which you work.
• A business organization for which a close friend or relative works and to which you have access.
• Any not-for-profit-oriented organization that has financial information available.

Select your organization. Next, based on accounting knowledge of the Case Assignment, answer questions below.

• Write a short description of that organization and your relationship to it.
• In your organization, describe how managerial accounting is working for planning and controlling.
• Indicate any specific roles of managerial accounting compared with other organizations.

SLP Assignment Expectations

It is important to answer the questions above. The discussion should be three to four pages and written in a clear and concise manner. Support your discussion with references in APA format. You are encouraged to use Excel or other compatible spreadsheet when computations are involved.

References requried.

Background information:

Management Accounting (2015) Pearson Learning  Solution, New York

Management Accounting versus Financial Accounting (2015) Pearson Learning  Solution, New York

Introduction to Managerial Accounting (2007, July 25) [Video File]. Retrieved from http://www.youtube.com/watch?v=pBCRmjnwWgo

Martin, J. R. (n.d.) Management Accounting: Concepts, Techniques, and Controversial Issues – Chapter 1: Introduction. Management And Accounting Web Home Page. Retrieved from http://maaw.info/Chapter1.htm

Professor Myles Bassell, Managerial Accounting (2011). This is a 58-minute video presentation in YouTube. It is an excellent introduction and overview of managerial accounting. You can find other useful videos in related links.

White, L., Clinton, B., van der Merwe, A., Cokins, G., Thomas, C., Templin, K., & Huntzinger, J. (2011). Why We Need a Conceptual Framework for Managerial Costing. Strategic Finance, 93(4), 36-42.

Optional Resource(s)

Accounting for Management (n.d.). Managerial or Management or Cost Accounting Terms and Definitions. Retrieved from http://www.accounting4management.com/managerial_accounting_defintions.htm

The following four texts can be used as additional background material throughout the course:

Agrawal, N. K. (2010). Principles of Management Accounting, Global Media (read chapter 1), from library portal.

Hermanson, R.H., Edwards, J.D., & Invacevich, S.D. (2011). Accounting Principles: A Business Perspective. First Global Text Edition, Volume 2 Managerial Accounting. Retrieved from http://textbookequity.com/oct/Textbooks/TBQ_PA_Accounting_managerial.pdf

Madegowda, J. (2007). Management Accounting, Global Media (read chapter 1), from library portal.

Walther, L. M. (2010). Principles of Accounting: A Complete Online Text, Retrieved from http://www.principlesofaccounting.com/