MBAD601

This course focuses on information and decision-making within an organization by management for accounting issues. The overall objective of the course is to provide you with the concepts and tools needed to understand, explain, and apply financial accounting information for managerial decisions in a dynamic reporting environment. At the completion of this class each student will possess the quantitative, analytical and technical skills necessary for effective accounting managerial decision-making. Integrated throughout the class will be the basic theoretical components of performance evaluation, effective control systems and international factors and decision-making strategies that lead to effective financial reporting. Students will be able to discuss the advantages of a system that focuses on a single comprehensive measure of performance -- Economic Value Added. Integrated theoretical advantages of the Balanced Scorecard, a system that includes a broad set of performance measures to make sure a company is effectively implementing the firm's strategy for success will be presented and discussed. A student will understand the importance of financial performance measures, customer-focused performance measures, measures of internal business process performance, the role of the international markets and measures of innovation that are inherent in a Balanced Scorecard Reporting System.