The unit is designed to provide an understanding of accounting that is essential for any manager and to develop the ability to use accounting information, especially for decision taking purposes. The focus will be on understanding the nature and limitations of the information provided in the financial reports and to ensure that managers appreciate the significance of the financial implications of any decisions or policy initiation being proposed. No previous knowledge of the subject matter is assumed and the emphasis will be on the needs of managers who are not specialists in accounting and finance. However, the class will also provide the basis required to undertake the more specialised optional classes in accounting.
There will be lectures to introduce the concepts and techniques that will assist in providing a basis for judging the performance and financial position of organisations, making financial decisions and exercising control within organisations.