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Apr 16, 2024
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MS 4545 - Finance and Accounting3 lecture hours 0 lab hours 3 credits
This course considers the perspective of financial accounting, operation and analysis in business and industry from the standpoint of professionals working at the middle or project level of a corporation. Background is presented in the following: elements of financial mechanics including time value, discounted cash flow and return on investment; financial statements, specifically income statements and balance sheets; financial concepts of depreciation, income taxes and cost of capital; and financial operations, in particular capital budgets. Practical applications also are provided relating to capital investment justification and new product evaluation. Consideration also is given to the specific operating controls used in business and how they relate to the day-to-day activities of the professional in marketing, production and engineering. (prereq: junior standing)
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