MBA/EMBA Core Courses
The two core courses, Accounting I: Financial Accounting (B6103) and Performance Measurement (B6016, “flexible core”), cover the basic concepts and tools of accounting. Financial Accounting emphasizes the development and use of financial statements (e.g., annual or quarterly reports). Performance Measurement focuses on the information required to manage a firm (e.g., cost and performance measurement).
Accounting I - Financial Accounting
Designed to develop an understanding of accounting principles for users of accounting information. The course looks at how users of financial information interpret accounting reports when making business decisions. The emphasis is on profitability concepts and performance evaluation. Coverage is not restricted to the existing U.S. model but includes a broad discussion of measurement issues and alternative country practices.
Financial Planning and Analysis
This course introduces students to modern tools and techniques designed to generate performance measures used for decision-making, management, and control purposes. Accounting information is used for a variety of managerial decisions such as product pricing, profitability analysis (e.g., activity-based costing for customer lifetime value). This course further illustrates how performance measures are integrated into incentive systems so as to align the objectives of (division) managers with those of the shareholders. Key building blocks of such incentive systems are cost allocations, transfer pricing, and compensation schemes. At a time where performance measurement is one of the fastest-growth areas for consulting firms, this course illustrates the strengths and weaknesses of commonly-used performance metrics, e.g., Economic Value Added (EVA), Balanced Scorecard. It serves as an important background for a variety of electives in management and accounting as well as for consulting-related courses.