ACCT20051 Accounting Information for Decision Making

The aims of this course are to give people without an accounting background: a working knowledge of recording processes used by accountants; an understanding of the information that is provided by an accounting information system; an insight into the managerial problems that are based on accounting information; an introduction to utilising accounting information for problem solving and a chance to apply the knowledge learned to actual case studies. Topics include: introduction to accounting; financial statement analysis; how accounting information is recorded - the concepts behind accounting; how accounting information is recorded - recording the information, and raising capital; accounting and the manufacturing sector; cost behaviour; product costing systems; decision making - short term; decision making - long term; responsibility accounting; budgeting and budgeting - performance evaluation and designing a management accounting system.