Course overview
This course will provide students with broad understanding of the principles of financial and management accounting and enable them to confidently understand financial and management accounting reports from a user perspective. Content includes: The accounting and business environment; accounting information and its role in decision making; the regulatory environment of accounting; recording and analysing business transactions; financial statements: elements, format, presentation and limitations of the balance sheet, income statement and statement of cash flows; analysis of performance and financial position; cost management and control; planning, control and budgeting; capital investment decisions.