Overview
Introduction to the Module The module firstly aims to give students a basic knowledge of financial accounting (context, purposes, regulatory framework). It introduces the principal concepts of financial accounting. The preparation of principal financial statements will also be explored. This module is also designed to introduce students to key management accounting skills necessary to support decision-making. It will emphasise the acquisition and application of skills and knowledge necessary to inform managers responsible for planning, decision-making and control and will provide the underpinning skills and knowledge required for more advanced study. The key issues addressed will be the fundamentals of convention, accounting cycle, accounting equation, internal control, statement of cash flow and analysis of financial information. The key techniques and their theoretical underpinning will be explained in lecture sessions and students will be expected to work on practical examples and case studies for discussion and clarification in tutorials.