This module is designed to introduce learners to the nature, role and importance of financial information in organisations from a managerial perspective. Learners have the opportunity to look at communication and interpretation of financial information for organisational management, its regulation, structuring and use in decision making. In addition, it will look at how the financial information is influenced by the principles of accounting, standards expected, concepts and conventions.
Through the examination of financial information, learners will learn about important issues relating to the efficiency measurement, profitability, solvency and different stakeholder demands. They will also explore the extent to which confidence is determined by financial performance.