This course takes a user-oriented approach to the design of management accounting procedures and systems. The course also emphasizes the challenges and opportunities from new information technology and the new technology of modern operating and service processes. The course features the innovative management accounting developments that leading companies around the world are using including activity-based costing and management, kaizen and target costing and the Balanced Scorecard. This course provides a framework for using financial statement data in a variety of business analysis and valuation contexts. Managers use them to monitor and judge their firm's performance relative to competitors, to communicate with external investors, to help judge what financial policies they should pursue and to evaluate potential new businesses to acquire as part of their strategy.
Securities analysts use financial statements to rate and value companies they recommend to clients.
Bankers use them in deciding whether to extend a loan to a client and to determine the loan's terms. Investment bankers use them as a basis for valuing and analyzing prospective buyouts, mergers and acquisitions. Consultants use them as a basis for competitive analysis for their clients. A study of Federal taxation as it applies to corporate formation, capital structure, operations, distributions, and liquidations. Also covered are the corporate topics of related party transactions, subsidiaries, and reorganizations.