While the majority of students in this class will not practice or be required to perform managerial and cost accounting tasks in their positions or careers, the importance of managing costs is essential to every business.
This week’s discussion requires students to select one articles from among a series of older Harvard Business Review articles. These articles are listed in Week 2 and students will utilize the library database Business Source Complete to access the article(s). While these may seem dated, they all illustrate in some measure how the relevance of cost and managerial accounting in business practice has not changed over the last 80 years or so.
Students will read one of the articles and comment on their thoughts as well as articulate and discuss how points made in the historic article are relevant to current business practices. Students will be required to provide examples of current practices (of their employer ideally) and how these relate to the points made in one of the historic (dated) articles.