Course Details

About the course

Course Number: MGMT 205

This course will provide students with the accounting toolkit and analytical skills that guide managers in making complicated decisions. This course is organized into two modules. The first module focuses on the interpretation of financial accounting reports and the evaluation of a firm’s financial performance. The focus of the second module is on information used for internal decision-making purposes. Topics include costing, cost behavior and decision making, budgets and performance analysis, activity and differential analysis, and the Balanced Scorecard. 

• Develop a basic understanding of business transactions and financial statements.

• Understand how to classify, record, and report business transactions

• Understand how transactional information is used by businesses to create financial statements

• Understand the financial information reported to and used by organizations.

• Integrate financial concepts and policies into management decisions.

• Understand the basics of internal controls for cash transactions

• Understand how users of financial reports utilize this information in decision making

• Employ cash flow tools to analyze business status.

• Employ ratio analysis in the interpretation of financial information