This course provides students accounting fundamentals from a business perspective including balance sheets, income statements, cash flow statements, retained earnings, depreciation, receivables, inventory, amortization, deferred taxes, goodwill and generally accepted accounting principles. A variety of managerial models including cost-volume profit, activity based costing, economic value- added, transfer pricing, overhead allocation and balanced scorecard that are used in accounting decision making are reviewed in the context of previous business knowledge, business strategy, control systems and the global and domestic environment. 1 Credit.