This module introduces learners to the nature, role and importance of financial information in organisations from a managerial perspective. Learners will have the opportunity to look at communication and interpretation of financial information in relation to managing organisations, its regulations and structuring. Further, it will demonstrate the importance of using financial information in decision making, together with the principles of accounting, standards expected, and concepts and conventions that influence the presentation of financial information.
Through the examination of financial information, learners will learn about the important issues relating to the measurement of efficiency, profitability and solvency, and the different demands on organisations made by different stakeholders. They will also explore the extent to which external confidence is determined by financial performance.