MSD109

MSD 109 - Managerial Accounting & Finance - The focus of this course is to acquire the skills and concepts necessary to use accounting information in managerial decision-making. Course is designed for those who will use, not necessarily prepare, accounting information. Those applications include the use of information for short- and long-term planning, operational control, investment decisions, cost and pricing products and services. An overview of financial accounting and basic concepts of finance provides an overview of financial statement analysis. Topics include accounting background, accounting equation, financial statements and financial statement analysis, budgeting and planning, applied analysis for management decisions, cost flow analysis in manufacturing with applications in process improvement, applications in product profitability, cost and pricing, client/server technology: computer software applications, payroll, income tax, inventory management, ethical responsibilities. Prerequisite: Program admission

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