In addition to examining specific laws and legal issues, such as business transactions, employer-employee relations, government regulation and consumer law, students become familiar with the way in which laws develop and change. Special emphasis is on the social and ethical issues which arise in business law. Financial Accounting A study of financial accounting and accounting systems starting with the accounting cycle and going through the preparation and interpretation of financial statements for all types of business entities. Topics covered include generally accepted accounting principles, the theory of accounts, and the theory of present value as it relates to financial accounting problems. A study of the essentials of managerial accounting focusing on the use of accounting information in the decision-making process.
Topics covered include planning, budgeting, control, and valuation.
12.220 Introduction to Financial Accounting. This course examines marketing functions, the activities of producers, wholesalers, retailers and other middlemen, the channels of distribution, integration of the marketing functions, price policies and government regulation. Special emphasis is given to the aspect of marketing management. This course focuses on the application of quantitative techniques to solving organizational problems. Topics covered include decision theory and models' analysis of risk, network analysis, linear programming, and the application of these topics through the use of problems and case analysis.