Financial and Management Accounting
Course Objectives
At the end of the course the student will have the ability to:
- Prepare financial statements
- Interprete and analyse financial statements
- Produce a financial strategy for the organisation
- Analyse business performance
- Undertake costing analysis
- Evalaute capital and investment plans
- Plan and control the strategic aspects of the business
Course Content
Introduction to Financial Accounting
Concepts of accounting
Financial reporting
Preparation of financial statements
Accounting standards and reporting standards
Published Accounts
Treatment of:
Assets
Short and long term liabilities
Provisions
Shareholders interests
Cash Flow statements
Current issues in financial reporting
Performance Analysis
Ratio Analysis
Company and Industry performance and comparisons
Management Accounting
Costing and classification of costs
Forms of costing – job and process costing
Absorption costing and Cost allocation
Activity Based Costing
Assigning Costs to activities
Standard costing
Decision Making
Decision making on Products
Decision making on costs
Measuring Performance
Evaluating customer feedback
Evaluating business and manufacturing processes
Incentive and bonus schemes
Planning and Control
Budgeting
Budget and Standard Costs reports
Capital Budgeting
Capital expenditure decision making
Strategic management and management accounting
Recommended Texts:
Book Title -: Cost And Management Accounting 5 th Edition
Author -: Colin Drury
Publisher -: University of Huddersfield
ISBN No -: 184480349X
Recommended Texts:
Book Title -: Accounting and Finance 5 th EditionA Firm Foundation
Author -: Alan Pizzey, Part time lecturer at Nottingham and Loughborough
Publisher -: University of Huddersfield
ISBN No -: 0826450768