Topics include cost analysis for decision making and performance evaluation, strategic cost analysis and management control systems. The course applies more advanced concepts and procedures underlying corporate financial statements. Tools for analyzing profitability, liquidity and risk are used in case-based exercises. Included are accounting concepts, preparation of financial statements, the analysis and interpretation of financial statements for investment, credit and regulatory purposes. The influence of management and accounting information systems and corporate culture is discussed.
Attention is focused on contemporary issues in financial reporting and the search for resolution.
615 - Managerial Economics Managerial economics provides an approach to analyzing the firm's immediate economic environment. The course applies the concepts and models of micro-economic theory and measurement techniques, explores the firm's production and cost structures, and studies the nature of industry rivalry. This multidisciplinary course explores human resource issues in both the union and non-union environment in firms operating both in the United States and in foreign countries. Human resource issues focus on how organizations select, train, evaluate, compensate and develop employees. Employment regulations for both the organized and the unorganized firm are addressed.