MASTER of SCIENCE in LUXURY GOODS AND SERVICES

Course Description

LXRY 658: Accounting and Financial Management in the Luxury Industry (6 credits)

Note: All courses carry three (3) credits unless otherwise stated.

This course provides a general overview of how accounting and financial management contributes to the luxury organization.

The course provides an overview of the financial aspects involved in making luxury business decisions such as forecasting, budgeting, optimizing, valuing, evaluating, and auditing results. Students apply these tools to problems emanating from specific case studies.

Students will gain an understanding of the concepts and language of accounting, and the ways it can be used as an effective tool for monitoring and resource allocation. They will also master the terminology and jargon of financial statements and accounting reports as they pertain to the luxury industry and various luxury sectors; become familiar with ways in which modern accounting and control theory is used in evaluating economic conditions; and identify ways in which accounting is critical in making organizational and investment decisions.