O
Available

Accounting for Non-accountants: Understanding the Language of Business

Course Fee: 750€

Register NOW!
Category: 2 30.7. - 10.8. O Online Marketing and Business Development

Course description

Tutor

Richard McManus

Lecturer in Economics and Accountancy at Canterbury Christ Church University
Profile Picture Download tutor’s CV in PDF Profile Linkedin

Dr Richard McManus is a Chartered Accountant with over eight years of lecturer experience. Richard has a PhD in macroeconomic policy and has taught in the areas of financial and management accounting, taxation, micro and macroeconomics as well as economic history. Richard has received prizes for teaching from both students and fellow staff members at two universities.

Description

This course examines how financial and management accounting information is both generated, and how it can be used in the management decision making process. The focus of the module is on understanding and using financial information in business, as opposed to deriving this information. It will enable students to feel comfortable with financial information and to better understand the role this data has on decision making in organisations.

Accounts are the language of business, and this course will teach you this language.

Schedule: Monday - Friday, 9:00 - 14:00

ASSESSMENTS:
  1. Attendance in class 25%
  2. Team assignment 40%
  3. Individual assignment 30%
COURSE TIME TOTAL 85HOURS:
  1. Total time of in-class work = 50hours
  2. Preliminary assignment = 10hours
  3. Preparation = 25hours
References
Skills

The student will get the skills to:

  • Identify and critically evaluate different financial statements in an annual report and demonstrate an understanding of how they are generated
  • Understand of accounting concepts, conventions and the regulatory framework
  • Utilise and critically evaluate the use of investment appraisal techniques in a range of capital investment decisions;and
  • Use and evaluate operational accounting decision making techniques.
Prerequisites

B1 CEF and an inquisitive mind.

Syllabus

1st week:

Day 1 – Introduction to accounting

  • Introduction to the module.
  • Introduction to the objectives of accounting.
  • Introduction into the methods of accounting.

Day 2 – Measuring financial position

  • Identifying classes of account, making a distinction between: assets, liabilities, equity, revenue and expenses.
  • Understanding the ‘Statement of financial position’.

Day 3 – Measuring financial performance

  • Identifying classes of account, making a distinction between: assets, liabilities, equity, revenue and expenses.
  • Understanding the ‘Income statement’.

Day 4 – Measuring and reporting cash flows

  • Identifying classes of account, making a distinction between: assets, liabilities, equity, revenue and expenses.
  • Understanding the ‘Cash flow statement’.

Day 5 – Analysing and interpreting financial statements

  • Using ratio analysis to understand and analyse financial statements

2nd week:

Day 6 - Investment appraisal decisions

  • Understanding how businesses make decisions on in what and whether to invest.

Day 7 - Group project I

  • Apply the content of the course so far to better understand the performance and position of selected companies.

Day 8 – Case study in accounting

  • An in depth review of a further concept in accounting, the topic of which to be determined by the group.

Day 9 - Case study in providing non-financial information

  • A look at other information companies report and how this may influence their stakeholders.

Day 10 – Group project II

  • A final look at the reporting of data in companies.
Do you have any questions? Let us know!

Your name*

Your e-mail*

Phone number*

Message