The purpose of MG395 is to provide and integrate the analytical tools learned in this and other courses in a management setting. Specifically, this course will provide the fundamentals of understanding, developing, and analyzing financial statements (income statement, statement of retained earnings, balance sheet, and statement of cash flows), using accounting ratio analysis, analyzing inventory, understanding costing systems, and budgeting. By applying the various accounting techniques in a managerial setting, cadets will be better prepared to quantitatively support their managerial decisions. This course is required for cadets pursuing the Management major.
