Accounting / Finance

Course summary

Accounting techniques have been used for hundreds of years, a business must understand if they have made a profit/loss. The accounting process is a 5-stage process, resulting in the production of the Income Statement and Statement of Financial Position. Accounting looks at the collection, recording, compiling, and forecasting of financial information. You will examine how managers can use financial information in their decision-making and also question the value of many accounting techniques considering their relevance in the modern world. WHY SHOULD I STUDY ACCOUNTING? To help answer this question, here are the thoughts of current students on the course: You should study Accounting if: • You are interested in how a business makes a profit. • You want to work within the financial industry. • You enjoy challenging yourself and problem-solving. • You have a methodical mind. You shouldn’t study Accounting if you think this is a Maths subject. You should have the capacity for methodical and critical thought.