Financial accounting courses for the MBA address the accounting processes that are used in measuring and reporting economic events to outside stakeholders. A course in financial management will teach you the fundamental concepts, key relationships, and financial statements. In an advanced financial accounting course, you will also learn about inventory, revenue recognition, long-lived assets, investments and debt.
Managerial accounting courses will teach you about developing, interpreting and applying the accounting information for managerial decision-making. You will use financial information within an organization to analyze its operations and activities. You will also learn the linkage between management planning and accounting information by cost analysis method, operational and capital budgeting and performance management.
This course deals specifically with the measurement and control of business production activities and how you can improve corporate profitability. Typically, the course includes topics like job order and process cost systems, overhead applications, flexible budgets and standard costs, variance analysis, performance measurements and rewards.
Budgeting courses will help you understand the technical procedures and goals and effects of budgeting. You will learn how to prepare schedules to formulate a master budget as well as fundamental managerial issues that can be affected by control process and profit planning.
Account information system courses address computerized accounting information systems with major focus on management needs, reporting objectives, transaction trails, documentation, internal controls and integration of the accounting systems in software evaluation.