Advanced Financial Accounting and Budgeting

Description of the course:
Managerial Financial Accounting course provides students the tools needed to make the best decisions to achieve the goals of their organizations. Students will take a look at how relevant traditional and leading edge topics integrate together with an outcome of understanding basic cost analysis, decision definitions, relevant information formatting, and how to make the decision itself. Our curriculum will encourage managers to not only use all quantitative tools and techniques available to them, but also logic, insight, judgment, and common sense.
The course will develop an understanding of the tools that are used to value investment projects and companies (valuation). In addition, it will facilitate the understanding of the basic issues involved in how firms should raise funds for their real investments (financing). Finally, it will provide tools to e valuate how investment and financing decisions are related. Emphasis will be placed on appreciating the limitations and challenges that are faced when applying the theoretical framework of corporate finance to real world problems.

Learning Outcomes:
Upon completion of the course requirements, the students will be able to:

• Define managerial accounting, cost concepts and the basics of cost/volume/profit relationships
  Recognize the basics of attaching products to services, process costing and activity based costing
• Recall how to budget efficiently and measure performance by analyzing standard costs
  Identify joint allocation principles and effective decision making skills for accounting managers
• Differentiate between various investment, transactions and performance measurements
• Value a firm using different methodologies.
• Evaluate different options for financing the assets of a company: their costs and their benefits.
• Study the major decision-making areas of managerial finance such as capital budgeting techniques under uncertainty, corporate valuation, and capital structure and dividend policy.