BUS 645 - Accounting and Managerial Decision Making

3 Credit(s)

This course builds upon the prerequisite (foundation) accounting requirement and provides a more in-depth understanding of the impact of business transactions, the elements of corporate financial statements, and the use of financial statements to evaluate company and management performance through the use of financial metrics including the balanced scorecard and horizontal and vertical analysis. Evaluation of management performance includes the examination of asset utilization, growth, profitability, cash flow, and financial health. Students are required to access 10–K filings and analyze selected sections regarding the company’s performance and financial condition. Limitations of financial metrics are stressed throughout. The course examines accounting-related ethical issues as well as the impact of the Sarbanes-Oxley Act on management’s responsibility for internal control over financial reporting. Cost-volume-profit analysis is also a component of the course. The rapidly growing trend of sustainability reporting by business organizations is also examined.
Prerequisite(s): BUS 528 or equivalent.