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Business
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The world is changing faster than ever before. The future is there to be won by organisations who find ways to turn today's possibilities into tomorrows competitive edge. In a connected world, collaboration can be the key to success.
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Alumni
Alumni
Northumbria University is renowned for the calibre of its business-ready graduates. Our alumni network has over 227,000 graduates based in 176 countries worldwide in a range of sectors, our alumni are making a real impact on the world.
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You will learn how financial information can be used to assist managers and external user groups in their decision-making processes. You will initially look at the informational needs of outside user groups, the nature of the information they are provided with, and how this information can be analysed and interpreted in order to enhance the effectiveness of their decision making.
Topic areas will include:
• The reporting frameworks and ethical principles that underpin financial reporting
• The nature of international financial reporting standards
• Format and content of the statement of profit or loss and statement of financial position
• The statement of cash flows
• Analysis and interpretation of financial statements using ratio analysis
You will then examine how financial information can facilitate managers in making operational decisions in relation to planning and control.
Topic areas will include:
• Costing (full and variable costing)
• Cost, volume, profit analysis
• Relevant costs for decision making
• Budgeting and variance analysis
• Balance scorecards
• Working capital management
Finally, you will explore the motivations for entrepreneurial activity and techniques that can be used to appraise investment decisions.
Topic areas will include:
• Investment appraisal techniques (payback, accounting rate of return, net present value and internal rate of return)
• Practical aspects of investment appraisal (inflation and capital rationing)
• Risk and uncertainty