This course examines the generation and use of an organisation's financial information for decision making and encompasses both financial accounting and management accounting topics. The course concentrates on accounting systems in general, construction and analysis of financial statements, costing, performance measurement, and accounting for decision making, planning and control. This course also covers a number of topical issues with a focus on social and environmental reporting which addresses the responsibility of organisations in promoting the principles of sustainability and corporate social responsibility.
Students will be expected to understand the nature and significance of the financial accounting and management accounting roles within organisations. They will have gained a basic understanding of how financial information is captured, recorded, reported and analysed. In addition, they will have gained knowledge of a variety of techniques and tools for internal financial management processes including budgeting, cost analysis, performance management and performance measurement and evaluation. Students will appreciate that although management accounting has typically had an internal focus, these approaches can be used beyond the boundaries of firms and more broadly so that environmental, social and other external factors are appropriately assessed when making decisions.





