Authorised by Academic Registrar, April 1996
Objectives The objective of this subject is to introduce students to concepts in accounting and finance. Areas taught include the role of accountants, what they do, and their importance to an organisation. Students will be required to produce typical financial and management reports and then analyse these statements for decision making purposes. Students will also gain an understanding of the finance options available to businesses.
Synopsis Basic financial functions, development and basis of financial reports, analysis of financial reports, capital investment appraisals, cost behaviour, budgeting technique and implications for management, capital structure and sources of finance.
Assessment Assignment one: (essay 500 words, exercises, reports): 15% + Assignment two: (exercises and reports): 15% + Examination (3 hours): 70% + Students must obtain a satisfactory result in all areas of assessment