There are no pre-requisites for this module to be added

This module introduces you to the key principles of financial and management accounting used for effective planning, and decision-making. You will learn how to prepare and interpret the primary financial statements, understand segmental reporting, and perform financial statement analysis to evaluate business performance. The module also examines the role of management accounting, including cost classification and cost behaviour, cost–volume–profit (CVP) analysis, limiting factor analysis, and identifying relevant costs for decision-making. You will develop practical skills in investment appraisal, planning and budgeting, and preparing fixed and flexible budgets. Finally, you will explore performance measurement techniques such as return on investment (ROI) and residual income, and learn how the Balanced Scorecard integrates financial and non-financial measures to assess overall organisational performance.

Upon completion of this module you will be able to

LO1: Calculate and explain the significance of key ratios for assessing the financial position of the firm.

LO2: Analyse corporate performance from an internal and an external perspective.

LO3: Apply a range of management accounting techniques to various business situations relating to analysis, planning, control and decision making.

LO4: Demonstrate an understanding of the key components of financial statements.