Foundation Financial Accounting (by Distance Learning) module (CP50042)

Overview

This 10 credit course introduces the subject of financial accounting for non-accounting master’s students. It is specific to financial accounting, in that its focus is to provide a basis for the successful student to enter into management decision making processes involving the final accounts of an organisation, particularly within the extractive industries. For example, the analysed published accounts are all from the oil, gas and mining sectors, thus requiring an understanding of specific financial reporting characteristics, unique to them.

To meet the above prime objectives, the course is directed to the understanding and interpretation of accounts, rather than on their preparation. However, in order to effectively do so, there has to be an appreciation of their development, so some practical accounting work is included. In this short course, the topic of management accounting is not included.