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Students will be introduced to the theory and practice of management accounting, financial accounting and financial management. This will provide a foundation for future studies of accounting and financial management.
Module content includes: Comparison of management and financial accounting, along with costing, variance analysis and CVP analysis. The context and purpose of financial reporting, the use of double entry system, recording transactions and events and the preparation of basic financial statements. Investment appraisal, working capital management, tactical decision making and cost estimation.

LO1: Compare and contrast management and financial accounting
LO2: Apply and discuss management accounting techniques: marginal and absorption costing; standard costing; variance analysis; CVP analysis
LO3: Analyse and discuss the needs of different user groups of financial information
LO4: Produce financial statements from an adjusted trial balance
LO5: Understand the Time Value of Money and analyse a range of investment appraisal techniques
LO6: Evaluate capital structure decisions from theoretical and practical perspectives.