|Year of offer||2017|
|Subject level||Graduate coursework|
|Fees||Subject EFTSL, Level, Discipline & Census Date|
This subject is designed to enable students to be informed users of accounting information of all types. It is divided into three parts. The first part of the subject covers the basic concepts in accounting and the terminology used by accountants. The second part deals with concepts associated with the financial reports prepared primarily for external users such as financial analysts, creditors (such as bankers), and shareholders. In this section reference is made to local and international accounting standards. The third part of the subject covers the basic concepts associated with information for managers within the firm. This includes basic cost concepts, product costing, and the techniques used for decisions such as pricing, product mix, outsourcing and capital investment.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Describe the nature and purpose of financial statements;
- Interpret and apply the conventions and rules underlying the preparation of major accounting reports;
- Analyse financial and managerial decision making and the different accounting information that supports these decisions.
On successful completion of this subject, students should have improved the following generic skills:
In respect of issues related to accounting, to:
- Think critically about financial and managerial accounting theory, tools and techniques;
- Evaluate, analyse and interpret relevant accounting information;
- Apply financial statement analysis theory and practice;
- Utilise problem solving skills;
- Articulate responses, either orally or in written form.
In addition, students will have enhanced their ability to:
- Listen to others dispassionately and tolerantly;
- Engage in discussion and, where appropriate defend a position;
- Offer constructive criticism.