The Krannert full time MBA acccounting specialization or option area is probably different from most other areas because someone wishing to specialize in accounting chooses to enter a Masters in Accounting program not an MBA program. Understanding this, our offerings are designed to provide the MBA candidate with the skills needed to pursue a career in business (in corporate finance, investments, operations, consulting or to simply be an entrepreneur). Our financial accounting offerings are designed from a user perspective and provide you with the skills to read, to understand and to make decisions based on the information provided in financial reports. Our managerial accounting offerings are also designed from a user perspective and provide you with the skills to develop cost accounting systems and to use the information these systems generate to make operational business decisions.<br><br>Our overriding objective is to offer a user's perspective on financial and managerial accounting. Toward that end, our core accounting for managers class (MGMT 60000) focuses primarily on the financial (external) reporting process with an introduction to managerial (internal) reporting. This course explains what the financial statements are, how they fit together, how to extract information from them and focuses on some of the key issues in how the numbers are developed. An introduction to managerial accounting concepts and internal accounting methods is also provided, focusing on the cost information provided by cost accounting systems and how this information is used in the decision-making process. Our electives split by the reporting process, financial, or managerial. Our managerial accounting class (MGMT 60100) provides additional evaluation of cost accounting methods, how this information is used to evaluate past performance and how to develop performance metrics to direct the operational side of the organization. We have offerings that specifically relate to the financial side, financial statement analysis (MGMT 60200), an applied valuation class, for example. After completing the core class, our electives are designed to stand alone but to complement one another. As such, they can generally be taken in any order.