MIB520 Accounting for Global Decision Making (3 cr.)

This course examines the evolving nature of managerial accounting practice in a rapidly changing global environment. Special consideration is given to unique problems faced by international business concerns with respect to developing and utilizing effective managerial accounting and reporting systems. The latest theoretical and technical innovations in accounting and reporting from around the world are examined.

Upon completion of this course, students are expected to be able to do the following:

1. Understand the language and principles of accounting and its application.
2. Understand and utilize accounting information to develop and make use of financial accounting and reporting systems.
3. Understand the need for accurate and timely reporting of transactions and results in the demanding global market.
4. Understand the nature of domestic and international business transactions through accounting.
5. Understand the accounting process followed in the preparation of financial reports.
6. Understand the basics of differing types of controls and reporting for decisions made by the international manager.
7. Identify the economic transactions of an organization that need to be recorded and reported.
8. Understand the financial impact managerial decisions have on a business or an organization.
9. Understand alternative ways to account for economic transactions.
10. Understand and apply accounting principles and practices when conducting international business.