Accounting is concerned with the management of finance, provision and interpretation of accounting information requirements at seed, product and market development phases of entrepreneurship.
The aim of this module is to develop the knowledge and skills of participants to critically evaluate and competently utilise accounting information at the seed, product and market development stages of entrepreneurship.
- Introduction to Management Accounting & Cost Behaviour
- Accounting for Material, Labour and Overhead Costs
- Product Costing using Absorption Costing
- Product Costing using Activity Based Costing
- Marginal Costing and Break-Even Analysis
- Short-term Decision Making & Relevant Costing
- Capital Investment Appraisal for Long-term Decision Making
- Budgeting & the Creation of Budgets; Use of Budgets to Control Operations; Interpretation of Management Control Information
- Risk Management – foreign currency and interest rate
- Managing in a Competitive Environment
Participants will be exposed to both formal lectures and supplied and directed readings to introduce and develop the various topics. The application of the concepts and the development of critical abilities will be achieved by casework, some of which will be performed in groups, while others will be analysed and presented by individual participants.
Self-directed learning will be promoted and encouraged.
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 50 |
| Other Assessment(s) | 50 |