Learning Outcomes:
On completion of this module students should:
- Have knowledge of the various users of accounting information
- Be aware of International accounting standards and International Financial Reporting Standards
- Be able to prepare Income Statements, Balance Sheets and Cash Flow Statements.
- Be able to analyse and interpret a set of company accounts.
- Be aware of the necessity of Corporate governance - be able to:Define the main terms used in financial accounting.Classify the various users of accounting information and how each user might use this information.
- Prepare Income Statements, Balance Sheets and Cash Flow Statement.
- Demonstrate knowledge and understanding of the major financial statements by being able to analyse and interpret a set of company accounts.