The aim of this course is to provide students with an understanding of the concepts of financial decision making, which are the basis for the preparation and use of accounting information. In a world where details are constantly changing, concepts are especially important. In a business environment, there are many and varied decisions to be made. Illustrative examples of the types of decisions made by internal management and external users of financial statements are discussed throughout the course. Decision making involves identifying and sourcing relevant information, analyzing data, and critically evaluating alternatives, and it takes practice. To help you find many of the insights in the text about the role of accounting in decision making, we've placed decision icons in the small column next to this content.
The content of the course is as follows, week by week: Introduction, Registration Process, Accrual Based Accounting Concepts, Inventories, Analysis and Reporting of Inventories, Financial Information Systems, Analysis and Reporting of Cash and Receivables, Analysis and Reporting of Non-Current Assets, Analysis and Reporting of Liabilities, Analysis and Reporting of Stocks. , Definition of Cash Flows, Financial Accounting Analysis and Financial Decision Making.