The topic introduces students to the way in which a manager utilises accounting, finance, and information systems in decision making. The topic provides students with a solid grounding in accounting fundamentals including statements of comprehensive income, balance sheets, changes in equity and cash flows. Emphasis will be placed on how to assess an organisation's current cash flow and profitable position together with how to deal with internal and external environmental complexities and constraints. Students will be involved in the formulation, implementation, and control of an organisation's accounting, internal controls, and financial statements, and will produce and interpret performance ratios.
The topic consists of four main parts:
This topic aims to provide an insight and understanding of the accounting process, specifically to increase understanding of what managers must do to make an organisation financially successful. No prior knowledge of accounting or work experience is expected. You will learn how to assess an organisation's current cash flow and profitable position together with how to deal with internal and external environmental complexities and constraints. An overview is provided on how businesses formulate, implement and control accounting practices. Topics covered include internal controls, financial statements and performance ratios. Cognitive skills are applied to analysing accounting information and evaluating options. Behavioural skills (especially personal and interpersonal skills) are applied in explaining and presenting different options.