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The Management Accounting Simulation: An Approach To Bringing Decision Making Into An Introductory Managerial Accounting Course
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The Accounting Education Change Commission has recommended accounting courses include a
focus on non-technical skills, such as written and oral communication, teamwork, problem
solving, and critical thinking skills. Employers of entry-level managerial accountants have
indicated these skills are necessary, but that students are also lacking in technical cost or
managerial accounting preparation. To address these concerns, students enrolled in an
introductory managerial accounting course were given the management accounting simulation by
Kenneth R. Goosen to supplement the managerial accounting textbook, i.e., Managerial
Accounting, 10th Edition, by Garrison and Noreen. The techniques used in the course included a
number of pre-decision exercises intended to prepare the students for the actual simulation as
well as understand various management accounting techniques that would be useful in the
decision making aspects of the simulation. This paper will discuss the implementation of the
simulation into the course as well as students opinions on various aspects of the simulation
experience.