Overview

Driving Financial Performance is designed to enable students to understand the importance of accounting and financial information in making strategic business decisions. The topic provides students with a fundamental understanding of accounting, in which students will be equipped with the skills to analyse and interpret financial statements.  Emerging concepts such … For more content click the Read More button below.

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Tuition pattern

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Aims

This topic aims to provide an insight and understanding of the accounting process, specifically to increase understanding of what managers must do to make an organisation financially successful. No prior knowledge of accounting or work experience is expected. You will learn how to assess an organisation's current cash flow and profitable position together with how to deal with internal and external environmental complexities and constraints. An overview is provided on how businesses formulate, implement and control accounting practices. Topics covered include internal controls, financial statements and performance ratios. Cognitive skills are applied to analysing accounting information and evaluating options. Behavioural skills (especially personal and interpersonal skills) are applied in explaining and presenting different options.

Learning outcomes

On completion of this topic you will be expected to be able to:
1.
Determine the basic concepts and principles of accounting
2.
Evaluate the key aspects of financial performance and the financial position of an organisation and its significance in strategic decision making
3.
Appraise accounting techniques critical to effective management decision making

Assessments

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Current students should refer to FLO for detailed assessment information, including due dates. Assessment information is accurate at the time of publishing.

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Requisites information

Anti-requisites: