Understanding Financial Principles
Duration for this module
5 days
Assessment
80% 3 hour unseen examination
20% in-class test
Aims:
The aim of this course is to equip students with sufficient knowledge of accounting and finance to support the general management function and appreciate how specialist activities in these areas can contribute to the attainment of financial and business strategies and objectives.
By the end of this unit, the student should be able to:
- explain the purpose and content of the principal financial statements of a company, and apply analytical techniques to interpret them.
- describe the components of an annual report and explain their respective purposes in terms of their contribution to corporate accountability.
- explain the uses of key management accounting techniques in the support of strategy, decision-making and control.
- discuss issues in financial management and explain their significance to the business.
For each learning outcome, the student should be able to summarise key current issues and developments of relevance to business generally.
