About Accounting Concept II The Accounting Concepts II is introduced to explore the goals and methods of managerial accounting and the role in business planning, control and decision making. Summary and Action I recommend you to do the following Replace the Introduction to Management Fundamentals with Accounting concepts as the first chapter of the course Ask students to attain all the scheduled classes in order to know the basics like budgeting, planning and control, product planning and others so that they do not find it tough in the later parts of the course,