BUSI601_LUO_MASTER_202120B

Online · School of Business · Graduate Business BUSI601_LUO_MASTER_B BUSI-601 Spring B 2021 Section 01/18/2021 to 12/30/1999 Modified 09/03/2020  Contact Information See detailed faculty information in Blackboard.  Course Description This is a graduate level course in cost management with a strategic cost emphasis. The course presents an in-depth study of contemporary management techniques used by managers in a contemporary business environment. The balanced scorecard, critical success factors, and strategic analysis are emphasized and integrated with other decision making techniques in this accounting course. Requisites Prerequisite BUSI 600  Rationale Foundational to the degree of Master of Business Administration is a thorough understanding and wise application of cost management and contemporary management techniques. No manager can consistently manage effectively or efficiently produce long-run success in a business organization without this knowledge and ability. Cost management information provides the information the manager needs to develop and implement strategies crucial to the long-run competitive success of the firm.  Measurable Learning Outcomes Upon successful completion of this course, the students will be able to: A. Utilize the process that an organization goes through in choosing its competitive strategy, including the identification and measurement of critical success factors in evaluating an existing organization. B. Analyze the relationship between basic cost concepts and the use of information in the four business functions. C. Apply various cost constructs to strategic management using knowledge of the planning and decision making function. D. Summarize knowledge of the operational control and management control functions by applying various cost constructs to strategic management. E. Integrate biblical principles into decision making related to cost management.  Course Resources Required Resources Liberty University Custom: Blocher, E. J., & Hicks, M. (2019). Accounting for decision making: Text and study guide. Boston, MA: McGraw-Hill. (This required resource has been provided in this course as an e-book ). However, if the student prefers a physical copy of the book, he or she may purchase it through the Liberty University Online bookstore, ( Disclaimer: The above resources provide information consistent with the latest research regarding the subject area. Liberty University does not necessarily endorse specific personal, religious, philosophical, or political positions found in these resources. Recommended Resource American Psychological Association. Publication manual of the American Psychological Association (Current ed.). Washington, DC: Author. Additional Materials for Learning ………………………………………..CONTINUED…………………………………………………….