Timeline & Schedule
This course presents the concepts of financial and managerial accounting with a “user” (investor or manager) orientation. The course has three parts. The first part provides the accounting cycle and the reporting process, with an emphasis on the valuation bases and structure of the financial statements. The second part focuses on the interpretation and analyses of the financial statements, including analyses of cash flows and cross-sectional and time-series trends in financial ratios. The role of managerial accounting choices in determining the nature of financial reporting and quality of earnings is also examined. The third part examines the role of accounting information for managerial planning and control. Costing for inventory and pricing, cost-volume-profit analyses, and budgeting issues are covered.
This course provides an overview of the financial challenges associated with the life cycle of an organization. Topics include: financial analysis and planning, capital budgeting, cost of capital, financial statements, and the sources and uses of business funds. While the emphasis is on decision making within a corporate environment, the tools taught in this course are just as relevant to other forms of business organization and to personal financial management.
Successful enterprises utilize strategic planning to achieve short, intermediate, and long term goals. This course will focus on budgeting concepts and methodologies. Fixed budgets, flexible budgets, manufacturing budgets and variance analysis will be significant components of this course. Forecasting techniques, such as analysis of the factors that affect planning and achieving strategic goals will also be discussed.
Enterprise performance management, analyzing actual financial results against the master budget, is a critical component for providing feedback. The course will focus on cost and variance measures, responsibility centers and reporting segments and performance measures. Additionally, the course will cover cost management considerations including the triple bottom line, balanced scorecard, measurement concepts, costing systems, overhead costs (and allocation), supply chain management concerns and business process improvement. You will advance your ability to use accounting principles and concepts to make better day-to-day business decisions as you examine cost behavior, variable margin, cost-volume-profit relationships, budgeting, break-even and incremental analysis. You will also learn to use capital budgeting and discounted cash flows to determine the acceptability of investment alternatives from a cost/resource perspective.
Enterprise Risk Management (ERM) is an integrated process of identifying, assessing, and managing the overall risks of an organization. It leverages integrated governance practices, internal controls, and measurement and reporting systems to manage risk while maximizing shareholder value.
This course will explore ERM elements used to identify, assess, manage, and monitor key risks including articulating risk appetites, developing policies and procedures, conducting risk assessments, implementing internal controls, and reporting to management and the board. Students will use case assignments to examine risk assessment and management practices at various organizations and apply risk management tools and techniques to evaluate and make recommendations. Topics will include business aspects (strategic disrupters), control mechanisms (COSO ERM standards), government considerations (statutory and regulatory concerns), and ethical frameworks IMA, AICPA, ACCA).
A wide variety of data warehouse appliances are available for analyzing business data. This course will provide a hands-on experience with one or more industry popular software packages including the use of advanced Excel modeling techniques.
It will provide an understanding of the principal characteristics and functions of accounting information systems and gains an appreciation of the IT controls that should be in place for the major areas of business activity. The impact of the Sarbanes-Oxley and the necessary controls for various IT systems are examined in detail. Basic concepts of business intelligence and data analytics in a contemporary business environment are examined. The course also provides an introduction to data visualization and design principles for creating meaningful displays of quantitative and qualitative data to facilitate managerial decision-making. Students will work on case studies built on the Excel suite – Power BI, Power Query, DAX. Visualization (Tableau) and SQL Students will take a hands-on, case-based approach to learning. Students will discuss and work with current tools and techniques appropriate for use in the following areas: big data, data visualization, robotic process automation, artificial intelligence and other emerging technologies.
How does effective leadership materially contribute to the achievement of strategic organizational objectives? This class explores individual and group behavior and the means through which leaders can influence that behavior. Students will be exposed to research on drivers of employee performance and commitment – both direct (e.g., employee attitudes, motivation) and indirect (e.g., organizational culture, climate, leadership) – and learn about their practical application in the workplace. Emphasis will be placed on improving self-awareness to facilitate the positive workplace experiences of employees.
This course is designed to present international strategic management concepts and the field of global industry competitive analysis. This seminar combines multiple attributes and analytical frameworks of strategic management to assess an industry and the relevant competitor strategies.
This course explores the CMA program’s CMA Part One Financial Planning, Performance and Analytics Candidate Body of Knowledge: external financial reporting decisions, planning, budgeting and forecasting, performance management, cost management, internal controls, technology and analytics.
This course explores the CMA Program’s CMA Part Two Strategic Financial Management Candidate Body of Knowledge: financial statement analysis, corporate finance, decision analysis, risk management, investment decisions, professional ethics.
As the name implies, the objectives of this course are to allow students to integrate, aggregate, consolidate and apply the sum total of their learning experiences. There are two possible ways to meet this requirement.
- Business Strategy in a Global Environment
- A special topics seminar will be offered each semester by a visiting industry expert or a Fox professor. These sessions will focus on a particular industry or a particular topic chosen by the seminar presenter. Each course will be unique; popular topics MAY be re-visited but it is expected that each offering will be offered only once.
- Individual Capstone Experience (Independent Study).
- Student executives may meet the requirements of the Keystone Experience by submitting a proposal for an independent study. If they select this method, they must choose a mentor (either from industry of from the Fox faculty) to aide and supervise their project. The final product will be graded by the mentor and the program director.