Spotlight the accounting field’s potential as a financial decision-making aid. Define where accounting sits in the business environment. Get to know the recording and reporting methods used. Look at shareholder equity from an accountant’s perspective.
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Please note: This subject is no longer on offer in Session 1 2018.
This subject was previously titled Financial Accounting and Business.
Financial Accounting and Business is a foundation subject that lays the basis for further study in financial management and accounting. This subject explains the role that accounting plays as an aid to financial decision-making. You will learn about the role that accounting recording and reporting systems play in the organisational environment and consider many of the conceptual issues relating to accounting measurement. The subject will begin your preparation for your future role in accounting practice by providing an understanding of many of the major conceptual and measurement issues involved as well as an understanding of the practical issues relating to business recording systems.
Assessment values are indicative only; details will be advised at the start of the subject.