Accounting Option Area
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Area Description Accounting is probably different from most other areas because someone wishing to specialize in accounting chooses to enter a Masters in Accounting program not an MBA program. Understanding this, our offerings are designed to provide the MBA candidate with the skills needed to pursue a career in business (in corporate finance, investments, operations, consulting or to simply be an entrepreneur). Our financial accounting offerings are designed from a user perspective and provide you with the skills to read, to understand and to make decisions based on the information provided in financial reports. Our managerial accounting offerings are also designed from a user perspective and provide you with the skills to develop cost accounting systems and to use the information these systems generate to make operational business decisions. Educational Goals Our overriding objective is to offer a user’s perspective on financial and managerial accounting. Toward that end, our core accounting for managers class (MGMT 60000) focuses primarily on the financial (external) reporting process with an introduction to managerial (internal) reporting. This course explains what the financial statements are, how they fit together, how to extract information from them and focuses on some of the key issues in how the numbers are developed. An introduction to managerial accounting concepts and internal accounting methods is also provided, focusing on the cost information provided by cost accounting systems and how this information is used in the decision-making process. Our electives split by the reporting process, financial or managerial. Our managerial accounting class (MGMT 60100) provides additional evaluation of cost accounting methods, how this information is used to evaluate past performance and how to develop performance metrics to direct the operational side of the organization. We have offerings that specifically relate to the financial side, financial statement analysis (MGMT 60200), an applied valuation class, for example. Finally, we offer a tax strategy class (MGMT 69100A) that focuses on how to factor tax issues into key decision-making. Examples include organizational form choices, security issuance, and transfer pricing decisions. After completing the core class, our electives are designed to stand alone but to complement one another. As such, they can generally be taken in any order. Electives Offered Common Accounting area electives offered during include: MGMT 60100: Managerial Accounting MGMT 60200: Financial Statement Analysis: Applied Valuation MGMT 69100: Tax and Business Strategy MGMT 69100: Advanced Financial Reporting Note: MGMT 50300 (Advanced Accounting), MGMT 50600 (Auditing), and MGMT 50900 (International Accounting) are semester long courses that are available to interested MBA students. Students interested in these should consult with the area coordinator. Electives by Career Interest Table 1: Connection between Accounting Electives and Career Paths
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Table 2: Connection between Accounting Electives and Other Option Areas
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