Rather than approaching study by considering individual disciplines such as finance, marketing and accounting, the course uses a series of modules which draw information from multiple disciplines.
Of course, the morass of accounting scandals and disappointments that have enveloped Elan explain its low market value.
Few oppose the move toward an international accounting standard, though problems, of course, arise in sorting out the details.
And, of course, the problem of accounting for unknown adverse effects has never been more acute for the drug industry, with intense and costly political controversies over the safety profile of drugs like Vioxx and Avandia leading to panic among patients, outrage among politicians, and the inevitable endgame of costly withdrawals and lawsuits.
FORBES: Blinded By Savings? Is Cost Trumping Risk On Blindness Drug?
Every new employee must attend a financial literacy course to understand how to interpret accounting statements and business decisions.
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Kenney's next alleged accounting maneuver: Instead of restating 2002 results (which, of course, would have blown his cover immediately), he allowed WRC Media to record a bad debt reserve for the first quarter of 2003.
By the end of the March quarter, the impact of the accounting switch on Accelrys' recognized revenue and deferred revenue will have run its course.
Now of course, this is simply evidence in a court case not actual proper accounting information.
Hedge funds, of course, have become a highly desirable customer segment for Wall Street, accounting for 10% of commodities revenue and 30% of equity trading commissions.
In the course of that suit it was revealed that for years Dell reported earnings that largely were an accounting misrepresentation.
Star Wars, of course, shattered all box office records, making so much money that not even fancy Hollywood accounting could minimize Lucas' 40% of the net profits.
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