This module introduces a toolkit that enables a better understanding of the performance of businesses, and the decisions and problems they face.
These issues are discussed daily by managers and the media. No prior knowledge of accounting is assumed: students learn how financial information is prepared and communicated and how it is used as an effective tool for decision making and control.
This information includes areas of financial and management accounting and the main principles of finance.
The module adopts a global perspective and encompasses the regulatory framework adopted by the International Accounting Standards Board (IASB).
Topics covered
- Introduction
- Financial Accounting: Measuring and Reporting Financial Position, and Financial Performance
- Accounting for limited companies and partnerships
- Measuring and Reporting Cash Flows
- Introduction to Management Accounting & Cost-Volume Profit Analysis
- Full Costing vs. Activity Based Costing
- Performance Measurement Systems and Budgeting and Control
- Capital Investment Decisions
- Sources of Finance
- Managing Working Capital
Learning outcomes
If you complete the course successfully, you should be able to:
- Define the concepts underlying accounting and finance
- Record financial transactions
- Prepare and interpret financial statements
- Analyse relevant data for decision making purposes, applying appropriate techniques
- Critically discuss budgeting and control issues in the modern global environment
- Adopt appropriate techniques for capital investment decisions and financing decisions
- Critical thinking, analytical skills, interpretative skills (including the ability to justify choices)
- Management-by-exemption, and control and monitoring skills
- Numeracy and active quantitative skills (including: data preparation, analysis, problem solving and interpretation skills)
- Time management skills (including the ability to make informed decisions timely and to work under pressure)
- Effective communication skills (including oral and written communication skills)
- Individual initiative and enterprise skills
- Digital and information literacy skills
- Research skills
Mode of Study in person
Course Duration 1-2 weeks
Course Fee £2250