I voted Managerial Accounting as the most difficult topic for first trimester for me. I got B+. I accept that I feel stress when take this subject since I have bad experience in accounting during BBA and I feel that I have not enough time to read and do exercise. Anyway, this subject give me the clear concept of cost flow in business and what cost component impact to product margin. More understanding on income statement, Activity Base Costing and cash budget but don’t expect that you will master accounting from MBA. This is just one part of it to focusing on product costing.
Working experience help me a lot in understanding these concepts and make me
through.
Although, Managerial Accounting may not directly related to IT work but it is an essential concept for you to grow up in the organization. You needs to set up your department objectives related to business performance when you are in management position. If you would like to grow up in business world as a salary man, you cannot runaway from business priority and you cannot invent IT project on your own interest. Every resource that you have in IT, you need to have individual IT objective contribute back to business direction and should be able to measure as Key Performance Indicator (KPI).
IT always play important role in providing business reports which related to cost and revenue in order to understand business performance. Yes, this subject will help you understand more the nature of accounting concept.
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