3 semester credits

A key function of management is the ability to interpret financial data to make effective decisions. It often involves careful planning and forecasting that takes into account many factors, such as expenses, investments, and often, unforeseen financial obligations. Students examine the role of various accounting tools, budgeting, and resource allocation along with related processes within the organizational context and how those can be used effectively. They examine processes related to managing budgets and strategies to read and communicate effectively the often complex financial information related to organizational performance and then use these tools to make sound decisions. Students also explore and discuss the implications of resource availability as well as methods to plan for and prioritize the use of resources, while considering ethical issues related to sustainability and resource scarcity.