Finance and Accounting

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

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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.