Finance and Accounting
Course
In Bude
Description
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Type
Course
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Location
Bude
Finance and Accounting Course We can define accountancy as: "the identification, measurement and communication of economic information to enable the users of that information to form sensible opinions and make sensible decisions". Accounting is surrounded by mystique and "jargon", and, as a professional skill, it requires a high degree of technical expertise. However, it is a very "common-sense" activity and addresses some very basic issues and questions about the nature of businesses and the real-life events, people and activities that make them work. One of the problems with accounting is that many people focus on the "count" component of the word, and believe that it is no more than counting or "doing the numbers". Nothing could be further from the truth! Look at the complete word! Very few people when asked to give an account of themselves, will express themselves in quantitative terms - shoe size, IQ, height and weight. Rather, they offer information in qualitative terms - where they live, what they do, their background, likes, dislikes, family, occupation and so on. Indeed they will "tell a story" - which is what accounting strives to do for an organisation - albeit, today largely in financial terms.
Facilities
Location
Start date
Start date
Reviews
Subjects
- Finance
- Accounting
- IT
- Accounting MBA
Course programme
Syllabus
Part 1: Financial Accounting
Unit 1: Introduction to Accounting
Introduction
Objectives
1. What is accounting?
2. Organisations, objectives and management
3. Financial and managerial accounting
4. Profit, profitability and cash
5. Accounting conventions, concepts and policies
6. Capital and sources of finance
7. Capital structure - limited liability company
Unit Summary
Unit 2: Financial Statements
Introduction
1. Objectives
2. Content of financial statements
3. The "big three"
4. The balance sheet
5. Measurement of profit
6. The income statement
7. Bookkeeping and books of account
8. The trial balance
9. Judgement
10.The cash flow statement - profit versus cash
Summary
Review activities
Unit 3: Interpretation and Analysis of Published Financial Statements
Introduction
Objectives
1. The analysts
2. Analytical techniques
3. The key issues
4. The principal ratios
Summary
Part II: Management Accounting and Financial Management
Unit 4: Cost and Management Accounting
Introduction
Objectives
1. Introduction to management accounting
2. Costs and historical costing
3. Controlling costs
4. Total absorption costing
5. Marginal costing
6. Break-even analysis
Summary
Appendix: examples of cost units
Unit 5: Budgetary Control
Introduction
Objectives
1. The household budget
2. Benefits of budgeting
3. Rules for budgeting and budgetary control
4. Cash budgets
5. Behavioural implications of budgeting
6. Control though comparative statements
7. Fixed and flexible budgets
Summary
Unit 6: Capital Investment Appraisal and Project Evaluation
Introduction
Objectives
1. Capital investment appraisal
2. What is investment?
3. Evaluation - alternative approaches
4. Judgement
5. Non-financial aspects of capital investment appraisal
Summary
Further reading
Sample Course Materials
Please click on the logo below to view a few sample pages of the course materials we provide. Whilst this is only a few sample pages, we do hope that it will give you some idea of the quality of the materials we provide. If you have anymore queries in relation to the course materials, please feel free to contact one of our friendly course advisors who will be more than happy to deal with any queries that you may have.
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Study Hours
This is only an approximate figure and is dependant upon how much time you can dedicate to your studies and how well you grasp the learning concepts in the course material. Furthermore, at the end of each lesson there is a question paper that needs to be completed and returned to your tutor. You should allow at least 1 - 2 hours of study to complete each question paper.
The approximate amount of time required to complete the course is: 90 hrs.
Finance and Accounting