This course is concerned with a study of basic accounting concepts and principles, their application to business transactions and financial statements, and an understanding of the uses and limitations of the balance sheet, income statement, and statements of cash flow.
This course serves as an introduction to managerial uses of accounting data in the production of goods and the provision of services. Accounting concepts and principles will be studied from the perspective of managerial decision-making.
The course focuses on topics related to the evaluation of performance and business processes (e.g. cost variance analysis, revenue variance analysis, just-in-time inventory, computer-integrated manufacturing).