On successful completion of this subject, students should be able to:

1. Interpret the basic terms and concepts of both financial accounting and management accounting enabling interpretation of information in financial reports;
2. Identify the role and limitations of general purpose financial statements in providing information for decision making;
3. Use financial analysis tools to evaluate external financial reports for performance, position and working capital requirements;
4. Apply cost behaviour concepts and various costing systems to decision making;
5. Demonstrate an understanding of the significance of budgets for planning and control;
6. Analyse internal accounting reports for performance evaluation.

Usefulness of accounting information for decision making
Structure and use of financial accounting reports
Analysis of financial accounting reports
Structure and use of management accounting information, including cost behaviour and budgets
Analysis of management accounting information