Demonstrate knowledge of communication theory and ...

Description

This unit is integral to learning the complex discipline of accounting. A discipline that is becoming more and more in demand with the growth and evolution of the world economy. This unit provides an introduction to accounting and the application of these concepts in decision-making by a wide range of potential stakeholders. The knowledge gained from this unit is also of a benefit for those who will not pursue an accounting career as they will become more confident in communicating with accountants and have some ideas of how financial reports are prepared and analysed. The unit focuses on both theoretical and practical applications of fundamental accounting concepts; International Financial Reporting Standards (IFRS); recording transactions; accounting cycle; internal control; and preparing, analysing and interpreting financial reports. Emphasis is placed on utilising financial information for decision making in consideration of its ramifications for corporate social responsibility. The aim of the unit is to provide students with a sound foundation in accounting concepts in order to pursue a career as a professional accountant, finance manager or business analyst.