FINANCIAL AND MANAGEMENT ACCOUNTING

About this Course

This course is designed to enhance the students¡¯ knowledge of intermediate accounting principles and techniques of financial accounting and management accounting. This is essential to equip the students with appropriate skills of understanding and analyzing the components of financial statements of a business entity. It also exposes the students with the intermediate level of management accounting and techniques for decision making.

Course Learning Outcomes

1) Apply knowledge of management and financial accounting for business enterprise.
2) Perform relevant information related to management and financial accounting for business enterprise.
3) Demonstrate communication skills in task related to management and financial accounting for business enterprise.

Course Syllabus

+ Course Syllabus

1) Introduction to Financial Statements
• Objective of financial statements
• Main users of financial statements
• Form of business entities and different reporting requirements (sole trader, partnership and company)
• Financial Statements



2) Sources of Financing
• Main sources of long term-term financing (Ordinary shares, Preference shares, Share warrants, Raising equity through profit retention, Borrowings, Finance leases, Hire purchase Government assistance)
• Raising long term finance (Issue of shares: right issues, bonus issues, offers for sale and public issues and placings)
• Private Finance Initiative
• Short term Financing (External and internal sources of short term finance)

3) Financial Statement Analysis
• Introduction
• Limitation of Financial Statements analysis
• Calculate and interpret the following ratios (Profitability, Liquidity ratios, Efficiency ratios, Gearing ratios, Market ratios)

4) Introduction to Cost & Management Accounting
• Difference and similarities between financial accounting, cost accounting and management accounting
• Cost concept (cost, cost unit and cost centers)
• Classification and types of cost
• Costing for Overheads

5) Costing for Overheads
• Traditional methods
• Activity-Based Costing (ABC)

6) Capital Investment Appraisal
• Importance of Capital Appraisal
• Capital Investment Appraisal techniques
• Non -discounted and discounted techniques:
• Payback period, Accounting Rate of Return, Net Present value and Internal Rate of Return
• Advantages and disadvantages of the capital investment appraisal techniques

Frequently Asked Questions

Q1 : Who should enroll in this course?
A1 : Anyone who would love to learn basic financial and management accounting at their own pace.

Q2 : Is the course requires knowledge of other disciplines?
A2 : It is always a value added if you could integrate knowledge from various disciplines.

Q3 : Can I get the certificate upon completion of the course?
A3 : Yes, you will be rewarded with the certificate of completion provided that you have complete ask activities and fulfill all the requirement for assessment.