INDUSTRIAL ECONOMY AND ACCOUNTING (2 SCU)

Learning Outcomes:

On successful completion of this course, students will be able to: explain the concepts and theories in industrial economy and accounting; identify the problems and methods in industrial economy and accounting; utilize  the methods of industrial economy and accounting to solve the problems; produce  an analysis and propose suggestion related to financial accounting to describe company condition’s.

Topics:

1. Market Forces: Demand and Supply;
2. Quantitative Demand Analysis;
3. The Production Process and Cost;
4. The Nature of Industry;
5. Pricing Strategies for Firms with Market Power;
6. Accounting: Information for Decision Making;
7. Financial Reporting and Analysis;
8. Understanding Income Statement;
9. Inventories and The Cost of Goods Sold;
10. Inventories and The Cost of Goods Sold;
11. Understanding Balance Sheet;
12. Understanding Cash Flow Statements;
13. Financial Analysis Technique.