Financial Planning and Controllership
Learning Objectives
The overall objective of this concentration is to provide students with a conceptual framework coupled with practical instruction in key business processes and practices that will enable them to
- Apply financial principles to drive company profitability,
- Develop strategy, implement tactics and build well-trained, resourceful and committed teams dedicated to the success of the business
- Establish partnerships within the organization to make Finance a strategic resource. Specifically, after completing this concentration, a graduate should be able to
- Understand and use the basic framework of the Business Planning process from Strategic Planning through Annual Operating Plans to Performance Measurement
- Have a basic understanding of cost management systems and how they are used in an enterprise
- Compute and use commonly used Key Business Metrics and understand how they are used to analyze and drive business performance
- Analyze and support Supply Chain operations with common business metrics and perform make-buy analysis including the implications of outsourcing and/or offshoring operations for cost optimization
- Integrate Key Performance Indicators with Scorecards and Dashboards for planning and control.
Required Courses:
1. ACTG 303 Corporate Financial Reporting
2. ACTG 311 Corporate Financial Planning and Analysis (renamed)
3. ACTG 319 Financial Statement Analysis
4. FNCE 480 Emerging Company Finance
5. Choice of: ACTG 319 Financial Statement Analysis, FNCE 453 Corporate Finance, OMIS 384 Supply Chain Mgmt or OMIS 388 Supply Chain Outsourcing.
Recommended electives:
a. MGMT 524 Managing Innovation and Technology
b. MKTG 571 Product Marketing and Planning Strategy OR
MKTG 566 Small Business Entrepreneurship
c. MSIS 622 ERP Systems OR MSIS 623 Financial Information Systems
d. IDIS 612 Management of the High Tech Firm OR
IDIS 696 Business Fundamentals of the Solar Industry [NEW FALL 2012]
