MN4354 Financial Analysis and Cost Management

Provides an understanding of management control, management control structures and processes and how they are designed to control costs while also organizing work processes and motivating employees to work productively. Course objectives are understanding of (i) management control principles and processes, (ii) the application of cost management principles and processes, (iii) defense management control process events and timing, (iv) cost control and accounting data independence, (v) application of case study method to study of management control and cost management, (vi) cost control dynamics in budget execution, (vii) management and cost control reform initiatives and (viii) contemporary defense cost and resource policy issues. Available: Per sponsor requirements.

Prerequisite

MN3353

Lecture Hours

3

Lab Hours

0

Course Learning Outcomes

At the end of this course, students will be able to:

·       develop an understanding of management control principles and processes.

·       apply cost management principles and processes.

·       demonstrate an understanding of the defense management control process events and timing.

·       demonstrate an understanding of the cost control and accounting data independence.

·       apply the case study method to the study of management control and cost management.

·       explain the cost control dynamics in budget execution.

·       provide insights of the management and cost control reform initiatives.

·       demonstrate an understanding of the contemporary defense cost and resource policy issues.