To manage organizations effectively in the dynamic business environment, internal users, such as management, require knowledge, skills and the appropriate tools in planning, controlling, organizing, and decision-making. Therefore, Managerial Accounting is concerned with providing management with information from the accounting system as well as methods and techniques from other disciples to help these managers make informed decisions that would allow them to decide which course of action to take. Management Accounting as described by the Charter Institute of Management Accountants is “the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of information used by management to plan, evaluate, and control within an entity and to assure appropriate use of and accountability for its resources.” In this course students will be exposed to different tools that aid decision-making such as the budgeting process, standard costing, short- and long-term decision making including breakeven analysis, cost volume profit analysis, time value of money applications using net present value, discounted payback and internal rate of return, and non-discounting methods among others.