Principles of Finance and Accounting
Description
This module is designed to introduce learners to the area of accounting and financial management. It looks in detail at what financial management is, its relationship to financial accounting and management accounting, the budgeting process, capital investment appraisal, the importance and management of working capital, and finance and investment decision-making based on accounting statements. The module is designed to take a high level view of the individual topics to facilitate those working in non-financial management positions in industry.
Learning Outcomes
Have knowledge pertinent to financial management and an in-depth understanding of its importance in the business and corporate environment.
Demonstrate in-depth knowledge and understanding of the budget process in the preparation and interpretation of cash and integrated budgets.
Apply knowledge and understanding of capital investment decisions, including various appraisal techniques, supporting managerial decision-making.
Recognise and collate the information necessary for a variety of working capital management scenarios.
Analyse and interpret financial statements for the purposes of investment decisions.