ACCT 503 - Accounting for Business Leaders

In a world where business activities have become more complex and global, understanding and interpreting financial information has become more challenging. As business leaders, students must be able to understand, interpret, and utilize financial information to make decisions that affect their organizations. Accounting for Business Leaders covers two major areas: financial accounting and managerial accounting. Financial accounting is focused on understanding the choices business leaders make regarding financial transactions and the impact those decisions have on information communicated in internal and external financial reports. Managerial accounting has an internal emphasis and is concerned with the use of internal and external financial information to make decisions that affect the future of their organizations. Learning is based on classroom discussions, analysis of problems, and analysis of real-world decisions utilizing cases.

Credits: 3