Description

Description: This course adopts a managerial and analytical approach to the financial aspects of business management and exposes students to the methods used in financial reporting and interpretation and applying these principles to business practice.

Background: Financial accounting is concerned with the preparation of accounting information for the needs of users who are external to the business. Financial accounting is therefore part of financial reporting. Other aspects of financial reporting include the timing and manner in which the information is communicated. Companies publish their financial accounting information in the form of financial statements. Financial accounting is governed by regulations and accounting standards (which have the force of law).