Get Help
Skip to Main Content

BCOR 2120: Accounting Information for Decision Making

Welcome to BCOR 2120

Welcome BCOR 2120 Students

This library guide will assist you in locating and evaluating sources for your BCOR 2120: Accounting Information for Decision Making course. Many of the resources on this guide will support you with your team project: Product & Budgeting Research.    

On Accounting

"Accounting is a collection of systems and processes used to record, report, and interpret business transactions. It provides a way to demonstrate to stakeholders (owners, governments, investors, suppliers, customers, employees, etc.) that managers have acted in their best interests. This represents the notion of accountability—whereby a manager provides assurances to stakeholders through the process of accounting. Accounting is also important due to the stewardship function of managers—businesses are entrusted to the care of managers. Stewardship becomes an important concept in today's organizations because in all but very small businesses, the owners of the businesses are not the same as the managers. Consider Research In Motion (RIM), which was founded in 1984 by Mike Lazaridis and Douglas Fregin. RIM became a publically traded company in 1997 and as of February 26, 2011, had 522.8 million shares outstanding (Research In Motion, 2011). The management (or stewards) of RIM are accountable to each shareholder of the company and are entrusted with the responsibility of managing the company in the best interests of all stakeholders. This separation of ownership from control makes accounting, accountability, and stewardship particularly important (Collier et al., 2013)." 


Collier, P. M., Kizan, S. M., and Schumann, E. (2013) Accounting for managers: Interpreting accounting information for decision-making. Wiley. 


Spring 2023 Workshop