Managerial Accounting

Learning Outcomes

• The programme focuses on the generation and interpretation of published financial statements as well as the use of financial information for managerial planning and control purposes.  
  
  
• Students should be able to:
  
  o  Identify the key components of published financial statements.
  o  Understand the terminology used in financial accounting and the reporting of financial information.
  o  Analyse financial statements from different users’ perspectives.
  o  Evaluate different dimensions of financial performance.
  o  Enter general transactions and events into a transaction based accounting process and produce a set of financial statements as a result of that process.
  o  Evaluate the quality of an organisation’s cash flows and make critical decisions regarding the overall liquidity and solvency of the organisation.
  o  Understand the role that different Acts of Parliament and oversight organisations play in ensuring that financial statements meet the overall needs of different stakeholders.
  
  
•  Students will be able to understand the difficulties faced by preparers, users and those that perform an oversight role when considering the preparation and communication of financial information.
  
  
•  Using a number of current issues in accounting and business, students will develop a deeper understanding of the types of terminology and technical issues users of financial information face when reviewing company annual reports.
  
  
•  Students should be able to use cost and management accounting information to aid short and long term decision-making.
  
  
•  Students will be able to understand the importance accounting plays in supporting sustainable business practices and identify ethical issues that could arise in business.

Prerequisites

For further information see Executive Development Programme .