The Managerial Accounting course builds on fundamentals learned in Financial Accounting and teaches tools to accurately compile a company’s internal financial data for decision making in a timely manner. Managers use these accounting tools to make fiscally responsible decisions regarding the use of resources, personnel, sales, manufacturing, budgets, services, investments, and much more. These tools are used to forecast, strategize, and consider the consequences of managerial decisions on cash flow, profits, and the current or potential future financial condition of a company. This course introduces these tools and provides supporting activities to reinforce the information learned within them.

Contributors

This course was developed by the Lumen Learning team with contributions from

• Joe Cooke, Santa Fe Community College
• Mike Zerrahn, Clinton Community College (SUNY)
• Robert Danielson, Saint Mary’s College of California
• Sherri Pendleton, M.B.A.

About Lumen

Lumen Learning courseware is based on open educational resources (OER). When we can find well designed, effective OER that are appropriately licensed, we use them in our courseware. When we can’t find pre-existing OER, we create original content and license it as OER (under a Creative Commons Attribution license).

Lumen’s authoring process doesn’t end when our courseware is released. Our choice to adopt open educational resources means that we have the copyright permissions necessary to engage in continuous improvement of our learning content. Consequently, our courses are continually being revised and updated. Errata reported for our courseware are fixed in a matter of days, as opposed to the traditional model in which errors persist until the next “edition” is printed (often a year or more). Students and faculty can suggest improvements to our courses directly from within the courseware as they use it. And we conduct regular analyses to determine where students are struggling the most in our courseware, and make improvements that specifically target these areas.

Given our unique approach, our list of authors and other contributors may look different than the lists you are used to seeing. We provide both a list of the primary content authors (the people involved in the initial creation of the course) and a list of everyone who has contributed suggestions and other improvements to the course since it was first released. We invite you to join us as we create courseware that supports student learning more effectively each semester.

If you’d like to connect with us to learn more about adopting this course, please Contact Us.

You can also make an appointment for OER Office Hours to connect virtually with a live Lumen expert about any question you may have.