IIMbx Course
Management Accounting for Decision Making
Course Length : 6 weeks
Estimated Effort : 3 – 4 hours/ week
Professor M S Narasimhan
Professor
Finance & Accounting
Indian Institute of Management Bangalore (IIMB)
Course Overview
This business and management course will show you how accounting information is relevant to managers, and how it can be processed and analyzed for effective managerial decision-making.
By examining accounting information that is extensively used across three key managerial functions of planning, decision-making and controlling, the course equips non-finance managers with basic accounting and finance skills. This course also discusses activity-based costing, which provides insight on the cost structure of products and services.
What sets this course apart is the practicing manager-centric approach that is a part of each week of the course. Whether you are a student or a practicing manager, this course will allow you to easily follow all topics and directly apply concepts in practice.
Management Accounting for Decision Making
Course Catalog
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Week 1: Introduction to course
- Introduction
- Entrepreneurship Demo
Week 2: R Tutorial - I
- Installing R & RStudio
- Basics of RStudio
Week 3: - R Tutorial - II
- Writing programs in RStudio & HR Demo
Week 4: - Standard Variables - I
- Uniform Distribution
- Binomial Distribution
- Poisson Distribution
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Week 5: Standard Variables - II
- Exponential Distribution
Week 6: Simulation
- Monte Carlo Simulation
Week 7: Normal Distribution
- Properties
- Basic Application
Management Accounting for Decision Making
Learn About Your Course
Target Audience
The course is pitched at a beginning business school student. The target audience for the course is diverse: you could be a practising manager, someone who has signed up for a course at college, an entrepreneur who wants to analyse business data, or just someone who wishes to have a deeper understanding of the subject.
Learning Outcome
- To use spreadsheets to analyse larger datasets
- To pose pertinent business questions of datasets and to answer them
- To describe a random variable in probabilistic terms and derive parameters such as mean and variance
- To draw a simple random sample from a population
- To model business phenomena with known random variables such as Binomial, Poisson and Normal
- To simulate variables that follow a prescribed distribution
Get In Touch
+91 80 2699 3895
Location
IIMBx,
Indian Institute of Management,
Bannerghatta Main Rd,
Bilekahalli,
Bengaluru,
Karnataka – 560076
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iimbx.support@iimb.ac.in