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Accounting for Management FMGT 2152

Financial Management Course

International Fees

International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.

Course details

This course focuses on the context of accounting and the use of accounting information for decision making, planning, and control. It will examine how managers can utilize the tools of economics, forecasting, accounting/finance, and decision theory to aid in these critical decisions. The course will consider how differences and changes in the internal operating conditions and in the external political-economic environment can affect a manager's resource allocation decisions. Topics include incremental analysis, short- and long-run decision-making and financial analysis.


  • No prerequisites are required for this course.



Not offered this term
This course is not offered this term. Please check back next term or subscribe to receive notifications of future course offerings and other opportunities to learn more about this course and related programs.

Learning Outcomes

Upon successful completion of this course, the student will be able to:

  • Describe and differentiate the three forms of business organization.
  • Prepare and analyze financial statements.
  • Apply the basic principles of worksheet bookkeeping to record transactions for both a service and a merchandising business, including period-end adjustments.
  • Identify the internal control principles that apply to cash.
  • Complete inventory costing using FIFO and weighted average.
  • Understand and explain how companies recognize and value receivables.
  • Identify capital assets.
  • Understand, explain, and employ various methods of depreciation.
  • Understand how to account for current liabilities and cash dividends.
  • Define and differentiate between a variety of terms used in cost and managerial accounting.
  • Compute the breakeven point and determine the activity level needed to achieve a desired net profit figure.
  • Use the High-Low method for splitting mixed costs into their variable and fixed components.
  • Apply financial analysis techniques to a company's financial statements.
  • Analyze and make recommendations in several typical business decision scenarios.
  • Identify product costs and calculate overhead using activity-based costing.
  • Develop cash budgets.
  • Identify the components of a master budget and prepare a flexible budget.
  • Apply the concepts of responsibility accounting to management evaluation and control.
  • Analyze and make recommendations in capital budgeting decisions.

Effective as of Winter 2021

Related Programs

Accounting for Management (FMGT 2152) is offered as a part of the following programs:

School of Business + Media

  1. Business Administration (General Option)
    Diploma Part-time
  2. Business Administration (Global Studies Option)
    Diploma Part-time
  3. Business Administration (Human Resources Option)
    Diploma Part-time
  4. Business Administration (Management Option)
    Diploma Part-time
  5. Business Administration (Marketing Option)
    Diploma Part-time
  6. Business Fundamentals
    Associate Certificate Full-time
  7. Business Information Technology Management (Artificial Intelligence Management Option)
    Diploma Full-time
  8. Business Information Technology Management (Enterprise Systems Management Option)
    Diploma Full-time
  9. Business Management
    Diploma Full-time
  10. Business Management - Advanced Diploma
    Advanced Diploma Full-time/Part-time
  11. Business Operations Management
    Diploma Full-time
  12. General Insurance and Risk Management
    Diploma Full-time
  13. Global Trade and Transportation Management
    Diploma Full-time
  14. Human Resource Management
    Diploma Full-time
  15. Marketing Management
    Diploma Full-time


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