CORPORATE FINANCE AND MANAGERIAL ACCOUNTING

Catalog description

This course examines business decision making tools based on financial accounting in combination with managerial accounting. Both disciplines, although their information comes from the same origin (recording of transactions or events) their decisional approach is different. Financial accounting is oriented to the an alysis of financial statements created under the regulation of Generally Accepted Accounting Principles (GAAP). On the other hand, management accounting is not regulated and the information produced is presented according to the needs of the company to achieve objectives such as budgeting, operation, expense and cost management, and the projections or forecasts of each company. Therefore, there is a wide range of subtopics such as financial statement analysis, budgeting, cost control and operating expenses, business types, capital structures, variance, process and order costing, among others.