Aims: To provide a basic understanding of accounting and financial management.
Learning Outcomes:
At the end of the course students will be able to: prepare a basic set of financial statements; apply certain basic techniques of financial analysis; understand the role of financial management in an organisation and have an awareness of capital structure and methods of financing; apply basic techniques used in cash management and investment appraisal and apply the use of costs in short term decision making.
Skills:
1. A level of numeracy which will enable fairly basic mathematical calculations in the context of preparing and using accounting and financial information - T&A.
2. A generally well directed approach to the analysis and interpretation of information - F.
Content:
The accounting process; the format and content of a profit and loss account, balance sheet and cash flow statements; techniques of financial analysis; fixed and variable costs; break even and contribution analysis. Methods of company financing including equity and debt; cost of capital; net present value technique of investment appraisal and short term cash management.
|
