ACCT 350 — Accounting for Managers (3 Credits, Fall/Spring)
This course equips future managers with essential accounting skills for strategic decision-making in business. Through practical applications, students will learn to interpret and prepare financial statements, including the balance sheet, income statement, and cash flow statement, to evaluate organizational health, growth potential, and financial stability. Core accounting principles (GAAP/IFRS) will be applied to real-world cases, ensuring transparency, accuracy, and ethical compliance in financial reporting. Students will gain proficiency in financial ratio analysis, comparative analysis, and cash flow assessment to make informed decisions. The course also addresses ethical considerations in financial reporting, including the Sarbanes-Oxley Act. In addition, students will hone their professional communication skills to convey financial insights and recommendations to diverse stakeholders. PREREQ: FINA 109 and admission to the Business Administration program. (3 lecture hours, 0 lab hours, 3 credits)