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Cornell University    
  Feb 19, 2018
Courses of Study 2017-2018
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AEM 4521 - Cost Accounting and Management Control

Fall. 3 credits. Letter grades only.

Prerequisite: AEM 3230  or permission of instructor. Co-meets with NACCT 5221.


Cost Accounting and Management Control is a senior seminar focused on managerial decision making and uses of internal accounting data (i.e., revenue and costs; incentive contracts; forecasts; etc.). You will integrate knowledge acquired in your undergraduate accounting courses with that from other courses, readings from current academic and professional literature, and related articles to sharpen skills related to cost assessment, performance evaluation, and managerial control. This course is designed to explicitly consider the role of uncertainty and other statistical issues when making corporate decisions. For the most part, this course is a “selected topics” course; focusing on topics intimately related with managerial decision making.

Outcome 1: Apply economic principles and analytic skills to cost assessment under uncertainty.

Outcome 2: Measure and evaluate costs for decision-making and performance evaluation purposes.

Outcome 3: Develop appropriate financial data for forecasting and decision making.

Outcome 4: Apply alternative performance assessment approaches.

Outcome 5: Recognize the costs and benefits of different cost allocation methods.

Outcome 6: Improve research and communication skills.

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