Sentinel | 9 – Applied Accounting – Accounting Made Easy
This unit introduces students to the fundamentals of financial and management accounting viewed from the perspective of the business manager. It focuses is on critical evaluation of accounting information contained in financial statements and application of key cost and management accounting techniques in day to day business decisions. This unit adopts a managerial and analytical approach to the financial aspects of business management. After studying this unit students will learn the methods used in financial reporting and interpretation and applying these principles to business practice. Students will gain a better understanding and interpretation ability of company’s cash-flows and profit, different classes of assets, liquidity positions, operating efficiency. The management accounting part of this unit will equip students with an understanding of key costs and managerial accounting techniques used in costs control, costs management and planning.