Introduction to Financial Accounting, Management Accounting, and Finance

This unit investigates and introduces basic theories, concepts and application of financial accounting, management accounting and finance in a modern organisation. Students are not expected to become proficient in specific aspects of the different financial tools and techniques discussed in the unit. Rather, as aspiring middle managers, they are expected to understand how the financial professional in an organisation can integrate with the other management functions to support and achieve the organisational strategic objectives.

1. The conceptual framework of financial accounting and the reporting and analysis of accounting information;
2. The uses of accounting for management performance measurement;
3. The nature and behaviour of costs relevant to planning, decision making and control in business;
4. The sources, uses and principles involved in the management of finance;

1 Recognise (using relevant conceptual frameworks and theoretical models) how financial information is obtained, presented and used, especially for decision-making, performance measurement and control purposes.

2 Analyse the impact of the financial management function and the financial information generated in respect of the value performance of the firm.

3 Critically evaluate current research and scholarship in aspects of finance and accounting, particularly including globalisation and sustainability.