Management Accounting and Control OpenCourseWare: A Free Graduate Study Management Accounting Course by MIT

Published Jan 27, 2009

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Students looking to learn how to use accounting data to make responsible and informed business decisions should take the Massachusetts Institute of Technology's (MIT) free 'Management Accounting and Control' OpenCourseWare. Students taking this graduate course usually pursue a Master of Business Administration and need a background in economics, finance, accounting or a related field.

Management Accounting and Control: Course Specifics

Degree Level Free Audio Video Downloads
Graduate Yes No No Yes

Lectures/Notes Study Materials Tests/Quizzes
Yes Yes Yes

Management Accounting and Control: Course Description

The Sloan School of Management at MIT in Cambridge, MA, offers an OpenCourseWare course for students interested in management to understand the strategic implications and limitations of accounting information. The course is designed for students in consulting, entrepreneurial or managerial positions who need an integrated knowledge of business and accounting. It is built on the basics of how costs behave, the nature of firms and how accounting systems report costs. After covering the basics, such as the nature of costs and the economics of organization, the course moves on to cover more complex topics. Students learn how to keep a balanced scorecard, understand the complexities budgeting and work with cost allocation, standard costs and absorption cost systems. Students learn managerial accounting through both real-world cases and hypothetical scenarios. Business professor Dr. Joseph Weber teaches this course. To complete the class, students must have an Internet connection and access to the required readings.

This OpenCourseWare includes a syllabus, required readings list, lecture notes, a take-home exam and a complete download of all course material. Those interested in this free course should visit the management accounting course page.

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