Understanding financial statements and the fundamental accounting principles underlying their preparation and interpretation and decision making in firms where generation, analysis or reporting of financial information is involved. Understanding concepts and techniques of management planning and control systems with consideration of behavioral implications. Use of accounting data in setting organizational objectives, budgeting, setting standards for and evaluation of performance. Multidivisional organizations and problems of control, cost behavior, product costs, contribution margins, transfer pricing, capital expenditure analysis. GradedABCDE.