Welcome to the last week of Principles of managerial accounting course. The chapters you covered discuss each in detail with examples:

• Chapter 1: Managerial accounting: An overview
• Chapter 2: Managerial Accounting and cost concept
• Chapter 3: Job order costing
• Chapter 4: Process costing
• Chapter 5: Cost volume profit analysis
• Chapter 6: Variable costing and segment reporting: Tool for Management
• Chapter 7: Activity based costing: A tool to Aid decision making
• Chapter 8: Profit planning
• Chapter 9: Flexible budget and performance analysis
• Chapter 10: Standard costs and Variances
• Chapter 11: Performance measurement and Decentralized organizations
• Chapter 12: Key to decision making
• Chapter 13: Capital budgeting
• Chapter 14: Statement of Cash Flow

1) In this discussion question you have the opportunity to be creative and to relate what you have learned to your professional lives. Please explore and critically think about some of the learning objectives and concepts presented in this course. Please effectively communicate how you would lead an organization (or a group of people within the organization) by applying the knowledge you have learned ethically and responsibly.

2) Your discussion should also include innovative thinking, and information-technology aspects (such as the Internet, social-media, computers, etc.) that may assist you in decision-making. You may frame your discussion around any functional component of business, and in any context; problem-solving, management, leadership, organizational behavior, etc.