Course Description

OLM 7005
Managing for Financial Performance
Critical analysis of theoretical and empirical literature, and best practices for managing private and public organizations to achieve financial accountability and financial performance. Accounting as a managerial tool for assessment of business strategy and tactical implementation are examined. Principles of financial management focusing on the development and use of budgets for planning and control, demonstrating accountability, and establishing priorities within an organization are analyzed. The use of financial data to lead decision-making, links between finance and strategic planning, and Sarbanes-Oxley are explored. Creating shareholder value is analyzed, along with links to customer loyalty. Cash flow management, international financial reporting and consolidations employing currency conversions, and the standards of ethical behavior in various countries are examined.