This course provides an understanding of how financial accounting and reporting information are used by stakeholders of corporations, especially external stakeholders such as investors, lenders, and regulators. Topics include standards and practices of financial reporting, analysis of financial statements, and various methods of measurement of financial transactions.

Managerial Accounting emphasizes identifying and applying common techniques used by organizations to improve operational efficiency and effectiveness, improve profitability and control costs, among others. The course focuses on understanding how managerial accounting is used to help organizations achieve their goals.

The course introduces financial concepts of risk, return and valuation. The main application studied in this course, Capital Budgeting, arises in the corporate setting where managers allocate scarce resources to projects. Basic issues of capital budgeting covered include cash flow estimation and valuation techniques. Advanced issues include sensitivity analysis and the consideration of real options.

This is the second-part of a two-course corporate finance sequence for EMBA students. The overall theme is one of strategic control of corporate assets and liabilities. The five topics covered in this course are: (a) long-term financial planning, corporate financing and cost of capital (b) short-term financial planning and the analysis of short-term assets and liabilities (c) risk management and the corporate use of derivatives (d) the analysis of international activities (e) corporate control activities. Three topics are explored in depth: short-term financial management, capital structure and dividend policy, and risk and hedging. Short-term financial management includes the topics of credit analysis, financial forecasting and planning, working capital management and cash flow management.