MBA accounting and I did not get along at all. It's as if they were speaking a foreign language that only the finance undergrads could understand. Geez, does this bring back bad memories. We got financial and managerial packed into a single one-semester undergrad class. On top of it the professor really did speak a foreign language--he was a Belgian with a mediocre command of the English language. In retrospect he reminded me of Jacques Pepin.
Worst semester of my life. No references permitted during the 4-hour long exams. Thanks for the encouragement, guys. I really enjoy the class and am learning lots of relevant stuff. I try not to focus on GPA but to qualify for tuition reimbursement, I'd have to maintain a 3. Originally Posted by Martin Smith. Originally Posted by cantdrv Financial Acct and Mgr Acct are 2 different beasts. The former deals mostly with the mechanics of reporting once you understand the basics it is easy, the latter focuses on making decidions and is more coneceptual.
Incremental Analysis is a difficult concept to embrace but once you do you'd make better biz decisions. The golden rule i got out of Mgr Acct is sunk cost is sunk- look forward not back. The Roach. As Plumley said, the key is understanding the material and not merely memorization.
I have learned so much in this course. Thread Tools. All times are GMT The time now is AM. User Name. Remember Me? Garage Garage. Manage My Garage. Browse by Username. Browse Recently Added. Kick off your finance career with one of these affordable online accounting degrees. Compare the top programs, crunch the numbers, and get the best value.
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Cost Accounting. Environmental Accounting. Financial Accounting. Forensic Accounting. Information Systems. International Tax. Mergers and Acquisitions. Public Accounting. Sports Accounting. Collapse All Expand All. Introduction to Management Accounting. This course introduces students to foundational accounting principles and practices. Students learn how to improve profits through capital budgeting, target costing, price setting, and constraint analysis.
Business law courses help students understand ethical and legal issues that shape the business world. Focused on central ideas and useful tools for creating and implementing business strategy, strategic management courses cultivate skills in competitive analysis, competitive advantage creation, and long-term resource allocation. Accounting Information Systems. AIS courses familiarize students with information software and technologies involved in financial reporting and transactions control.
Accounting Manager. These professionals oversee accounting departments and supervise accounting staff. Also known as investment analysts or securities analysts, these professionals monitor investment performance, evaluate investment opportunities, and help clients make investment decisions. Sometimes called a comptroller, financial controllers oversee financial departments.
These accountants analyze company operations and make recommendations for increasing cost-effectiveness. Tax consultants assist clients with tax compliance and filing by collecting, analyzing, organizing, and preparing relevant data.
What does a management accountant do? Management accountants guide business decision-making by identifying cost-cutting or profit-increasing opportunities. They monitor organizational company costs, budgets, operations, and sales. What skills does a management accountant need? These professionals require skills in budget planning and strategizing, data analysis, and risk management. Communication skills also prove important when presenting reports to executives.
Is managerial accounting hard? Management accounting involves considerable analysis and synthesis of large amounts of information. These professionals must understand the larger contexts and dynamics behind financial data. How do I become a management accountant? Managerial is way more of a math class than financial is. Accounting classes take a lot of work. Assuming you are taking a standard accounting curriculum, then you will probably be taking at least 4 sections of financial accounting.
I would suggest you at a minimum take the first two sections, so you have a firm grasp of basic debit, credit and financial reporting before you take managerial accounting.
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