Executive Master of Business Administration
Essay Sample (500 words).
When you have completed this unit, you should
- Be able to explain the nature and roles of accounting and finance.
- Be able to identify the main users of financial information and discuss their needs.
- Be able to distinguish between financial accounting and management accounting.
- Be able to explain why an understanding of accounting and finance is likely to be relevant to your needs.
- Be able to explain the nature and purpose of the three major financial statements.
- Be able to prepare a simple statement of financial position and interpret the information that it contains.
- Be able to discuss the accounting conventions underpinning the statement of financial position.
- Be able to discuss the uses and limitations of the statement of financial position for decision-making purposes.
- Be able to discuss the nature and purpose of the income statement.
- Be able to explain the main accounting conventions underpinning the income statement