BMGT 315 - Financial Reporting and Control

Institution:

Point Park University

Subject:

BUSINESS MANGEMENT

Description:

Financial reporting is a course in the non-technical application of the principles of accounting, with emphasis on the use and interpretation of financial reports, managerial planning and control. The course is designed to impart knowledge of the uses and applications of accounting. It is designed for the user of accounting information rather than the preparer. Students in the HR program must retain a copy of the completed work for submission in their portfolio in BMGT 418. Prerequisites: ACCT 210. Course Objectives Upon successful completion of the course, students will be able to: (1) Analyze the role of accounting in business. (2) Examine and describe the various standard financial statements of a business including the Income Statement, the Balance Sheet and the Statement of Cash flows. (3) Examine and explain the differences between the cash basis of accounting and the accrual basis of accounting. (4) Classify the operating activities and significant differences between financial statements of a service-type organization from those of merchandising and manufacturing organizations. (5) Assess the objective of and important aspects of internal controls within an organization. (6) Examine the nature of fixed assets and depreciation. (7) Classify significant terminology and concepts related to cost behavior and cost-volume-profit analysis. (8) Compile concepts related to budgeting and standard cost systems.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.pointpark.edu

Phone Number:

(412) 391-4100

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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