This course builds on the concepts and techniques taught in the introductory financial accounting course. It focuses on the uses of financial information for profit planning, budgeting and decision- making. It examines how volume, price, product mix, product costs and organizational activities relate to one another, the inter-dependence of the financial and capital structures and the setting of corporate objectives and priorities. The student will learn how to project financial results and use feedback mechanisms comparing actual results to predetermined standards.
This course builds on the concepts and techniques taught in the introductory financial accounting course. It focuses on the uses of financial information for profit planning, budgeting and decision- making. It examines how volume, price, product mix, product costs and organizational activities relate to one another, the inter-dependence of the financial and capital structures and the setting of corporate objectives and priorities. The student will learn how to project financial results and use feedback mechanisms comparing actual results to predetermined standards.
