Financial Decision Making for Managers (Custom Textbook for UMUC MGMT 640) (Vol 1 and Vol 2 Selected Chapters)

An investigation of financial decision making in business, government, and not-for-profit organizations. Emphasis is on the application of financial and nonfinancial information to a wide range of management decisions, from product pricing and budgeting to project analysis and performance measurement. A variety of decision-making tools (such as break-even analysis, activity-based costing procedures, linear programming, discounted cash flow techniques, and the balanced scorecard. Contemporary managerial such as target costing and kaizen costing, are explored as a means of improving operational efficiency.