Postgraduate - UnitMBA5704 - Accounting

This unit examines the structures, processes, content and interface between financial and management accounting, which assists organisations in planning, decision making and control to create sustainable economic, social and environmental value. The financial accounting component is concerned with the information requirements of external users such as owners, lenders, regulatory authorities and potential investors. Herein the focus concerns the measurement of performance, valuation of assets and liabilities, and determination of the financial strength and 'health' of the organisation. The management accounting component is concerned with the information needs of internal users at various levels of responsibility and with varying functional responsibilities. Herein the focus concerns issues such as the nature and behaviour of costs, budgets and budgetary control, and measuring and managing performance so as to enhance organisational competitiveness.