As the 'language of business', accounting provides decision makers with relevant and reliable financial information. Accounting information helps investors to decide whether to buy, hold or sell shares in a company. Financial institutions like banks rely upon accounting information to make lending decisions. Business analysts use accounting information to assess whether a company is outperforming its competitors. This unit of study provides students with the skills and knowledge required to analyse and record business transactions, to prepare financial statements, to communicate financial information to decision makers, and to evaluate the financial performance and financial position of business organisations to make relevant decisions. The unit enables students to develop the core analytical, communication, collaboration and management skills needed to succeed in an increasingly digital and data driven society. It also develops awareness of broader business, social, and ethical issues through tutorial problem-solving exercises and small group discussions, interactive case assignments, and additional online learning materials. The accounting knowledge and the interpersonal skills gained from this unit of study play an important role in students’ future careers in accounting, finance, data analytics, management and beyond.
At the completion of this unit, you should be able to:
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