The page uses Browser Access Keys to help with keyboard navigation. Click to learn moreSkip to Navigation

Different browsers use different keystrokes to activate accesskey shortcuts. Please reference the following list to use access keys on your system.

Alt and the accesskey, for Internet Explorer on Windows
Shift and Alt and the accesskey, for Firefox on Windows
Shift and Esc and the accesskey, for Windows or Mac
Ctrl and the accesskey, for the following browsers on a Mac: Internet Explorer 5.2, Safari 1.2, Firefox, Mozilla, Netscape 6+.

We use the following access keys on our gateway

n Skip to Navigation
k Accesskeys description
h Help
    Adelphi University
   
 
  Dec 18, 2017
 
 
    
2017-2018 University Bulletin

ACC (0201) 550 - Financial Reporting and Managerial Decision Making


Credits: 3.00

The course focuses on the users of accounting information.  The first half of the course helps students read and understand financial statements prepared by for-profit enterprises, using the U.S. GAAP, and International Financial Reporting Standards(IFRS).  The second half helps students make managerial decisions based on the accounting information.

1. Appreciate how financial accounting, as an information system, records, classifies, summarizes and communicates relevant and reliable information in accordance with the U.S.

Generally Accepted Accounting Principles as well as International Financial Reporting Standards, wherever applicable, to help the decision-making process of investors and creditors.

2. Understand the terminology of financial and management accounting.

3. Apply the knowledge of revenues, expenses, assests, liabilities and equity in understanding the content of financial statements of a business entity.

4. Understand how costs are classified based on function, behavior and other factors.

5. Construct operating budgets for planning business activities and evaluate the performance of the segments of a business.

6. Make short-term managerial decisions based on an understanding of costs and revenues.

7. Become familiar with certain tools of evaluating business performance in general and managerial performance in particular.