Business Fundamentals: Accounting and Finance

Catalog description

This course covers two core areas of business: financial accounting and finance. The accounting module introduces the student to the types of information requirements imposed on the firm by agencies in its environment and develops an understanding of the activities of the firm within the framework of a financial accounting system designed to satisfy these information requirements. Emphasis is given to the study of financial accounting, reporting, and measurement problems from a theoretical and an applied basis. The finance module gives an introduction to fundamental concepts in finance, and develops a set of tools for analyzing the investment and financing decisions of both individuals and firms. The concept of NPV, suitably adjusted to account for taxes, uncertainty, and strategic concerns, is used to analyze how investment and financing decisions interact to affect firm value. This course is for MSQM: Health Analytics students.