Accounting & Financial Management
Evaluating the financial performance of business units is crucial to all managers. This module introduces you to the terminology, concepts, and problems of representing and measuring economic activity. You will cover the basic forms in which financial statistics are conventionally presented as well as techniques for their analysis and interpretation.
This module will give you an introduction to costing for performance measurement and for stock valuation. You will also explore the lack of certainty in accounting, the need for conventions, and the problems of choosing among equally logical, defensible, and consistent accounting conventions.
Topics usually covered include:
- The accounting world & rules
- Companies & their accounts
- Recording & preparation of accounting information
- Direct & indirect costs
- Creative accounting
- Cash flow statements & forecasts
- Interpretation of financial information
- The analysis of profitability
- Price-earning ratios.
By the end of this module you will:
- Understand the basic techniques of financial accounting
- Understand and be able to analyse financial information
- Understand how to evaluate financial performance.
There are opportunities to further explore this area in the elective modules listed below.