Teaching Responsibility
LJMU Schools involved in Delivery:
LJMU Partner Taught
Learning Methods
Lecture
Module Offerings
4517NCCG-JAN-PAR
4517NCCG-SEP-PAR
4517NCCG-SEP_NS-PAR
Aims
This module focuses on the importance of accounting and financial data to assist various sized organisations with their decision making, monitoring, financial control and financial risk. Successful completion of this module will support students to assist colleagues with financial business planning, decision making and supporting developing a business plan
Learning Outcomes
1.
1. Identify a range of financial accounting statements appropriate for all organisations.
2.
2. Demonstrate an understanding of the regulation of financial accounting.
3.
Compare how organisations use management accounting to identify financial problems.
4.
Consider the ethical implications of ‘creative accounting’.
Module Content
Outline Syllabus:Definition of management and financial accounting and its importance.
Distinction between management and financial accounting.
Transactions, revenues, expenses, profits, assets, liabilities and capital.
Elements of a profit & loss
Structure of a balance sheet
The cash flow statement
Presenting financial information
Legal regulations
The objective of financial statements.
Benchmarks, KPIs and budgetary targets to identify financial problems.
Financial governance to pre-empt and prevent financial problems
Characteristics of an effective management accountant.
Creative accounting.