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Schulich Required Foundations of Management Core Courses –

General Descriptions
ACTG 5100 3.00
Financial Accounting for Managers
This course examines the assumptions and decision usefulness of financial statements
that are prepared for creditors and shareholders. Emphasis is placed on interpretation of
financial statements, using examples from several companies.

ACTG 5210 1.50

Management Accounting
This course provides an introduction to management accounting techniques that are useful
in management decision-making situations such as cost management, pricing special orders,
determining service levels and performance appraisal. The non-applicability of external
reporting figures for most management decisions is reviewed.
Prerequisite: ACTG 5100.030

ECON 5100 3.00

The Economic Environment of Business
The course provides managers with an overview of the economic environment within
which business must operate, as well as an understanding of some of the analytical tools
which economists use to solve business and economic problems. The focus is to enable
students to identify, understand and evaluate the domestic and global forces causing
economic change. Key concepts and ideas from microeconomics, macroeconomics, and
international economics are introduced. Topics relevant to real-world issues and
problems provide the focus for in-class discussion. Upon completion, students are
expected to be familiar with the fundamental concepts of economics, and to be able to
analyze how changes in the economic environment affect business performance and
future strategic options.

FINE 5200 3.00

Managerial Finance
This course provides an opportunity to learn about investment and financing. The
investment decision allocates scarce resources to projects in the organization and
involves asset valuation, capital budgeting, risk management, working capital
management and performance assessment. The financing decision chooses sources of
cash to finance the investment decisions and involves capital structure, financial
instruments, the risk-return trade-off, financial planning and the cost of capital. Ethical
considerations and management in the global context are integrated into these topics.

MGMT 5150 3.00

Skills for Leadership
The objective of this course is to teach students the thinking and reflective skills required for
business leadership. The course develops and enhances students’ ability to deliver
compelling and coherent presentations; to apply analytic, critical and strategic thinking to
complex business problems and to reflect and identify underlying assumptions and reframe
them in order to drive to actionable outcomes.
MGMT 5260 3.00
Managing for Value Creation
This course focuses on value creation through management action in a multi-level, multi-
actor environment. We explore questions such as what is value, how is value created, and
what and who drives value towards which ends? Locating the business enterprise within the
value creation process, we link it to the role of various actors such as government, NGOs,
consumers and employers.

MKTG 5200 3.00

Marketing Management
This course familiarizes students with the major marketing concepts (buyer behaviour,
segmentation, targeting, positioning, product/service development and management,
pricing, distribution and communication). It stresses the application of these concepts to
profit, not-for-profit, large, small, new, mature, service, product-based, domestic and
international organizations. It also develops specific skills such as problem solving,
verbal presentation, business writing and group work.

ORGS 5100 3.00

Organizational Behaviour
The purpose of this course is to create a knowledge base from which students can
develop organizational competence. It examines the relationships between organizational
performance and the behaviour of individuals, groups and overall organizations. In the
process, emphasis is given to the importance of interpersonal issues and to issues arising
from technological change, work-force diversity, ethical challenges and

OMIS 5110 1.50

Information Systems
The aim of this course is to create an understanding of key management issues with
respect to the use of computer and information systems in modern business applications.

OMIS 5120 1.50

Quantitative Methods
This course is an introduction to the use of quantitative methods for business research,
analysis, forecasting and optimization. The aim is to convey not only an understanding
of methods, but also to give an appreciation of their use in addressing actual business
problems, and to acquaint students with computer software necessary for implementing
these methods.

OMIS 5210 1.50

Operations Management
Operations management in both manufacturing and service organizations involves the
coordination of complex and dynamic systems of people, technology and materials to
achieve competitive objectives. The impact of alternative strategies for delivering quality
products in a cost-effective manner is examined. This includes currently popular inventory
management philosophies such as “Total Quality Management” and “Just-in-Time”
inventory management.