IEORE2261 Accounting and Finance
Fall and Spring
3 pts. Lect: 3. ECON W1105: Principles of Economics. For undergraduates only. This course is required for all undergraduate students majoring in IE, OR:EMS, OR:FE and OR. This course examines the fundamental concepts of financial accounting and finance, from the perspective of both managers and investors. Topics covered in this course include: principles of accrual accounting; recognizing and recording accounting transactions; preparation and analysis of financial statements, including balance sheets, income statements, cash flow statements, and statements of owners' equity; ratio analysis; pro-forma projections; time value of money (present values, future values and interest/discount rates); inflation; discounted-cash-flow (DCF) project evaluation methods; deterministic and probabilistic measures of risk; capital budgeting. The course is targeted toward students pursuing careers in engineering, economics, finance or business. The class is required for all IEOR undergraduates and for entrepreneurship minors.