Accounting II (Managerial Accounting)

Course Objectives

This course is designed for those who want to improve their decision-making, organizational operation and strategy execution capabilities for management by mastering skills for using the basic concepts and methods of managerial accounting and internal control. Managerial accounting is not simply limited to cost calculation. It is also a framework for making decisions based on accounting data that reflects actual conditions of business in order to project the effectiveness of strategy planning, monitor whether strategies are executed properly and feedback obtained results into future strategies. It is also closely related to performance management and incentive systems for controlling and mobilizing an organization to actualize strategies. Therefore, the understanding of people and organizations, in addition to accounting, will be required.

In this course, managerial accounting and internal control are regarded as a mechanism to materialize and implement strategies with decisions and operations on the back of accounting data. Students will consider how to design and manage a series of processes consisting of planning, implementation and feedback, and how to use variable methods such as break-even point analysis, cost accounting, budget management and performance evaluation systems given the circumstances of each company. The aim is to acquire an ability to understand how the effectiveness and limitation of such methods relate to strategies and management functions like human resource management and marketing, and then to construct and activate a control system to materialize strategies.

In all of the six classes, the case method is used with discussion playing a central role. In the first class, students will grasp overall managerial accounting including organizational control, cost control and decision-making. From the second class, we will focus on each domain of managerial accounting.

The ability to make decisions and manage organizations based on accounting data are essential requirements for all business leaders. It is therefore recommended that all students take this course.

Course Details

Programs: Full-time MBA, Part-time MBA
Discipline: Accounting and Finance
Course Level: Applied Course
Required/Elective Course: Required Course
Number of Credits: 1.5
Report: Day 4
Hours Per Class: 3 hours
Class Capacity: 35 (Part-time MBA)

Recommended Preliminary Courses

- Critical Thinking
- Accounting I
- Human Resource Management

Click here to see a list of Preliminary Recommended Courses

Theme/Reading Materials

Day 1
Session A
THEME Understanding Business Structures [1]
CASE ・ Science Technology Company -1985
Session B
THEME Understanding Business Structures [1] (Continued)
CASE ・ Science Technology Company -1985

 
Day 2
Session A
THEME Understanding Business Structures [2]
CASE ・ Danshui Plant No.2
Session B
THEME Understanding Business Structures [2] (Continued)
CASE ・ Danshui Plant No.2
 
Day 3
Session A
THEME Grasping Accurate Profitability of Each Management Unit: ABC (Activity-Based Costing)
CASE ・ HEADQUARTERS' OVERHEAD COST ALLOCATION AT KOREA AUTO INSURANCE CO. INC.
Session B
THEME Grasping Accurate Profitability of Each Management Unit: ABC (Activity-Based Costing - Continued)
CASE ・ HEADQUARTERS' OVERHEAD COST ALLOCATION AT KOREA AUTO INSURANCE CO. INC.
 
Day 4
Session A
THEME Business Management and Accounting
CASE ・ Kyocera Corporation: The Amoeba Management System
Session B
THEME Business Management and Accounting (Continued)
CASE ・ Kyocera Corporation: The Amoeba Management System
 
Day 5
Session A
THEME Management of Business with Complex Structures
CASE ・ FINNING INTERNATIONAL INC.: MANAGEMENT SYSTEMS IN 2009
Session B
THEME Management of Business with Complex Structures (Continued)
CASE ・ FINNING INTERNATIONAL INC.: MANAGEMENT SYSTEMS IN 2009
 
Day 6
Session A
THEME Strategy Implementation and Transformation in Corporate Culture: the Balanced Scorecard (BSC) 
CASE ・ Volkswagen do Brasil: Driving Strategy with the Balanced Scorecard
Session B
THEME Strategy Implementation and Transformation in Corporate Culture: the Balanced Scorecard BSC (Continued)
CASE ・ Volkswagen do Brasil: Driving Strategy with the Balanced Scorecard
 

 

Faculty

Masahiko Kon
Accounting and Finance, Management Philosophy
"One of the reasons for joining GLOBIS came from my personal challenging experience. When I started working at GE headquarters in the US, I had already obtained my CPA. I went in there excitedly and prepared a financial report, but the management who knew the operations of the company bluntly told me 'this is useless'. No matter how many accounting tools and numbers you organize, I felt there was no value if the people could not understand. I particularly felt that accounting needed to be useful for management. Since then, I recognized that, after all, people use the accounting tools, and true financial strategy cannot be implemented if the people were not ready to utilize it. One of the distinctive benefits of learning at GLOBIS is to be taught by faculty members who have literally survived and developed from countless battles in the international business arena. I want to educate people who will not limit their possibilities and who will excel globally."
Tadahisa Saito
Creation
"A good manager need to have extensive management experiences and accurate understanding of various principles and frameworks of management which are effectively and organically integrated in order to tackle with various management problems he or she faces day to day. MBA education aims to first disassemble student’s practical knowledge and experiences, and then to integrate them with fundamental theories and frameworks underlying them so that he or she may make appropriate judgment and decisions on difficult and complicated management problems. I would like to emphasize that you should not leave what you have learned in each discipline or course stand alone but try to integrate them into one big ecosystem of management. Through your study at GLOBIS, I really look forward to seeing you metamorphose into really visionary leaders who create and innovate the societies by creating and renovating businesses with enhanced social corporate value."

Faculty

Masahiko Kon
Masahiko Kon
Accounting and Finance, Management Philosophy
"One of the reasons for joining GLOBIS came from my personal challenging experience. When I started working at GE headquarters in the US, I had already obtained my CPA. I went in there excitedly and prepared a financial report, but the management who knew the operations of the company bluntly told me 'this is useless'. No matter how many accounting tools and numbers you organize, I felt there was no value if the people could not understand. I particularly felt that accounting needed to be useful for management. Since then, I recognized that, after all, people use the accounting tools, and true financial strategy cannot be implemented if the people were not ready to utilize it. One of the distinctive benefits of learning at GLOBIS is to be taught by faculty members who have literally survived and developed from countless battles in the international business arena. I want to educate people who will not limit their possibilities and who will excel globally."
Tadahisa Saito
Tadahisa Saito
Creation
"A good manager need to have extensive management experiences and accurate understanding of various principles and frameworks of management which are effectively and organically integrated in order to tackle with various management problems he or she faces day to day. MBA education aims to first disassemble student’s practical knowledge and experiences, and then to integrate them with fundamental theories and frameworks underlying them so that he or she may make appropriate judgment and decisions on difficult and complicated management problems. I would like to emphasize that you should not leave what you have learned in each discipline or course stand alone but try to integrate them into one big ecosystem of management. Through your study at GLOBIS, I really look forward to seeing you metamorphose into really visionary leaders who create and innovate the societies by creating and renovating businesses with enhanced social corporate value."