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

This module gives you a solid understanding of essential accounting principles and practices. You’ll start by learning about the objectives of accounting, which will help you understand why accounting is crucial for businesses and what it aims to achieve. Next, you’ll get to know the primary financial statements, including their structure and purpose.You’ll also explore the difference between profit and cash, and learn how to prepare cash budgets. The module will guide you through interpreting financial statements using ratio analysis, enabling you to evaluate a company’s financial health and performance. Additionally, you’ll delve into management performance evaluation, discovering techniques for assessing and improving managerial effectiveness.Short-term decision making using cost classifications is another key area you’ll cover, providing you with the knowledge to make informed business decisions. You’ll also get to grips with capital investment appraisal methods, essential for evaluating long-term investment opportunities. Finally, the module addresses working capital management, emphasising strategies for maintaining optimal liquidity and ensuring efficient operations.By the end of this module, you’ll have a strong grasp of accounting principles and how to apply them in real-world business scenarios.

Upon completion of this module you will be able to

LO1: Discuss the fundamental objectives of accounting.

LO2: Analyse and interpret accounting information from a company and a management perspective.

LO3: Analyse short-term alternatives for improved decision making.

LO4: Evaluate capital investment projects using investment appraisal techniques.

LO5: Evaluate systems of working capital.