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FIN 439 Finance for Decision Making (3 Credits)

This course enables the students to understand financial data that would affect the profitability of the company. The interpretation of such data must be mastered in order to be considered for decision-making and value creation. Students learn how to comprehend managerial accounting concepts, identify cost inputs for decision-making as well as participate in finance planning and budgeting.

Learning Outcomes:

  • Identify and analyze relevant information, and present opportunities for preparing reports and documents using managerial accounting information.
  • Understand financial data that would affect the profitability of the company.
  • Analyze and evaluate financial statements, i.e., annual report and accounts of a listed company.
  • Critically evaluate the contribution that financial and management accountancy theory can provide in support of the resolution of major business problems.
  • Effectively communicate and critically evaluate recommended solutions to complex finance based business problems.
  • Critically evaluate the sources of long term financing via the capital markets.
  • Understand the various characteristics of cost, including fixed, variable, mixed use, opportunity costs, product costs, and period costs.
  • Understand how costs are allocated to products and services.
  • Understand the concept of cost-volume-profit analysis.
  • Identify relevant costs for decision-making.
  • Understand budget preparation, performance evaluation, standard costing and variance analysis. Understand capital budgeting techniques.