Back to Accounting for Business Decision Making: Measurement and Operational Decisions
University of Illinois Urbana-Champaign

Accounting for Business Decision Making: Measurement and Operational Decisions

Accounting information is the lifeblood of the organization as it facilitates and influences operational and strategic decisions intended to achieve organizational goals. Organizations benefit from three decision-oriented roles of accounting: measurement, control, and communication. This course provides an introduction to accounting’s measurement role inside of an organization and how accountants communicate information that helps managers and employees make operational decisions. In particular, you will learn how cost information is created and organized to help managers and employees conduct profitability analyses, develop and choose products, make pricing decisions, and make common business decisions. Upon successful completion of this course, you will be able to: • Identify the nature, purpose, and importance of different types of decision-useful accounting information. • Create, organize, and communicate cost information to best suit common operational decisions. • Use accounting information to manage products, control costs, and leverage other drivers of operational success. If you enjoy this business course and are interested in an MBA, consider applying to the iMBA, a flexible, fully-accredited online MBA at an incredibly competitive price offered by the University of Illinois. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

Status: Performance Measurement
Status: Cost Accounting
BeginnerCourse18 hours

Featured reviews

DK

5.0Reviewed Jun 26, 2018

This is very useful course to learn Business decision

NH

4.0Reviewed Oct 24, 2020

I am learning a lot. The courses are easy to understand.

MM

4.0Reviewed Nov 20, 2020

Quizzez can be tricky and difficult. But the peer-review homework is interesting.

AZ

4.0Reviewed Sep 25, 2023

By giving one star less is mean that there are some issues with some questions and the given options but overall it’s a very good course.

SW

5.0Reviewed Mar 20, 2020

The materials are really easy to understand especially how to distinguish job and process costing

JT

4.0Reviewed Dec 15, 2021

The course itself was informative, but the wording of some questions in the quizzes leaves a lot to be desired.

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