...Unit 5: Business Accounting Unit code: M/502/5415 QCF Level 3: BTEC National Credit value: 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to enable learners to understand the purpose of accounting, and the associated processes and its role in the managing of a business. Learners will develop the skills and knowledge needed to understand financial information. Unit introduction Understanding how a business operates and what makes it successful, requires knowledge of the accounting process. Accounting involves recording business transactions and, this in turn, leads to the generation of financial information which can be used as the basis of good financial control and planning. Inadequate record keeping and a lack of effective planning ultimately lead to poor financial results. It is vital that owners and managers of businesses recognise the indications of potential difficulties. Remedial action can then be taken. The unit is divided into two parts. The first develops an understanding of the accounting processes necessary to provide accurate and relevant financial information. The second part covers the practical aspect of carrying out those accounting activities. Learners will be introduced to accounting terminology as they study the purpose and function of accounting and consider the various categories of business income and expenditure. It is important to know the sources of an organisation’s income and the nature...
Words: 3890 - Pages: 16
...implications of the fraud committed at Computer Associates. In your response you should refer to Part A of the Code of Ethics of the Australian Accounting Profession discussed in Chapter 29 of the text. (25 marks) EARNINGS MANAGEMENT 2. “Numerous pieces of evidence suggested that earnings management – the managerial use of discretion to influence reported earnings – was a widespread corporate practice at Computer Associates.” Distinguish between accrual-based earnings management and real activities manipulation. Explain what is meant by a trade-off between the two. Which type of earnings management was practised at Computer Associates? Academic support should be provided (see the attached reference list) from at least two articles. (25 marks) CORPORATE GOVERNANCE 3. Corporate governance is defined as the system by which companies are directed and controlled" (Cadbury Committee, 1992). Discuss the role of specific corporate governance mechanisms that may have alleviated earnings management at Computer Associates. Academic support should be provided (see the attached reference list) from at least two articles. (25 marks) LOBBYING 4. The fraudulent activity at CA centred on issues of earnings management concerning revenue recognition. On 14 November 2011 the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) issued for public comment a revised draft standard to improve and converge the financial reporting requirements...
Words: 1088 - Pages: 5
...William Phillips |Date Completed 11/30/2014 | Purpose and Overview The purpose of this assignment is to help you prepare for successful, enjoyable participation in a positive team experience for Units 8–10. In this assignment, you will research and compose descriptions of a fictitious anonymous company's five functional areas. Further, you will explore organization’s code of ethics and executive summaries of reports to understand what they are and how to compose them. Your main task is to develop a broad overview of the mission and purpose to be prepared to participate in the team activity for Unit 8. Note: Your assigned role for the team is not needed or related to this assignment. As you complete this assignment on this template, refer to information provided in the unit 7 studies. Specifically, utilize these provided resources and perform research to satisfactorily complete this assignment. • Teamwork Activity Challenge. • Organizational Structure reading. • Functional Areas Managers reading. Important: This assignment is due Sunday of week 7. Learners completing it on time will be performing Unit 8 as part of a team. Learners without a successful, timely assignment cannot be on a team. Important: Utilize paragraph structure in your document, not outline format, and support your ideas with references. References can include those identified...
Words: 2610 - Pages: 11
...Portuguese, Basic French, ... at Creative Financial Staffing - prodriguez@cfstaffing.com or 713-260-5243 ... My focus changed to Accounting and Finance, when I started with CFS in ... 2. Accounting 260 Assignment Cfs Free Essays www.papercamp.com/group/accounting-260-assignment-cfs/page-0 * Cached Accounting: ADVANCED FINANCIAL ACCOUNTING 260 ASSIGNMENT 1, 2013 On 1 July 2011, Snake Ltd acquired all the shares of Rat Ltd on an ex-div basis. 3. [PDF]Volunteer Yearbook 2014 - South Australian Country Fire ... www.cfs.sa.gov.au/public/download.jsp?id=70377 * Cached CFS VOLUNTEER 2014 YEARBOOK. 1. YEARBOOK □ .... have heard first-hand accounts of ... and Finance, with Investigation as a new role to AIIMS. ..... advanced fire truck through its paces. ..... resulting in over 260 rural fires, a number of. 4. Developing Intelligent Tutoring Capacity in the Accounting ... ijlhe.cgpublisher.com/product/pub.260/prod.71 * Cached May 6, 2014 - Thomas lectures in financial accounting at Macquarie University. ... advanced teaching programmes at the Frankfurt School of Finance and ... 5. [PDF]NDSU Course Descriptions 2014-2015 - North Dakota State ... www.ndsu.edu/fileadmin/bulletin/courses/201415.pdf ABEN 783 - Advanced Structures and Environmental Systems. Detailed ... Introduces financial statements and other accounting information to make personal and business decisions. ...... Cross-listed with CFS 452 and SAFE 452. 3 .... A laboratory course designed...
Words: 288 - Pages: 2
...13, 2004 Tentative Syllabus Managerial Perspective on Financial Accounting Accountancy 401X; Fall 2004 Michael J. Sandretto, 225C David Kinley Hall (217) 244-6410 (office); (217) 352-4832 (home, before 10:30 p.m.) sandrett@uiuc.edu or michaeljsandretto@earthlink.net Texts: Antle, Rick, and Stanley J. Garstak, Financial Accounting, Southwestern (United States), second edition, 2004 (Antle). Palepu, Krishna G., Paul M. Healy, and Victor L. Bernard, Business Analysis and Valuation: Using Financial Statements, Text Only, Southwestern (United States), fourth edition, 2004 (Palepu). Background: Accounting is called the language of business for at least two reasons. First, accounting terms such as sales, revenues, profit, net income, costs, gross margin, expense, and capitalize are widely used in business. Any businessperson is expected to understand those terms. Second, managers rely on accounting to understand an organization’s economic condition at a point in time and its economic performance over a period of time. As a result, they use accounting information to communicate with others. Managerial Perspective on Financial Accounting will help you understand publicly available financial statements for publicly traded companies and financial statements prepared for internal use. It is also an introduction to financial statement analysis and valuation methods. The basic financial accounting methodology, double-entry bookkeeping, was first published in 1494...
Words: 2809 - Pages: 12
... | | |Finance for the Health Care Professional | Copyright © 2011, 2009, 2007 by University of Phoenix. All rights reserved. Course Description This course is designed as an introduction to the terminology, processes, functions, and financial reports commonly encountered in health care operations. This course introduces the concepts of basic managerial financial functions, such as budgeting, reimbursement methods, and the responsibilities of health care financial management. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Baker, J. J., & Baker, R. W. (2011). Health care finance: Basic tools for nonfinancial managers (3rd ed.). Sudbury, MA: Jones & Bartlett Publishers. All electronic materials are available...
Words: 2805 - Pages: 12
...forms of employee involvement. Module Content: • History of the HR function, theories and models of HRM; • The roles and responsibilities of stakeholders in HRM; • The changing nature of work, managing diversity, technology and flexibility; • Human resourcing: recruitment and selection, human resource planning; • Reward and performance management; • Employee relations, employment legislation, the legal framework for unionism; • Human resource development; managing learning, knowledge and change; • The integration of HR and corporate strategy. Teaching Format: One 2-hour lecture per week; Three 1-hour tutorials. Assessment: • Group coursework assignment (40%); • Individual written coursework assignment (60%). Text(s): Beardwell, J. and...
Words: 9120 - Pages: 37
...Sheet | Please complete all areas of this form, sign, and attach to each submitted assignment. Submit each assignment according to the instructions provided in your Course Outline. A. STUDENT/S TO COMPLETE Course Name : HND in Business Management | Assignment No./Name: | Student Number: | Edexcel Registration No: | Student Full Name: | Tutor' Name: | Date Due: | Date Submitted: | DeclarationI declare that this assessment item is my own work, except where acknowledged, and has not been submitted for academic credit elsewhere, and acknowledge that the assessor of this item may, for the purpose of assessing this item: * Reproduce this assessment item and provide a copy to another member of the University and/or; * Communicate a copy of this assessment item to a plagiarism checking service (which may then retain a copy of the assessment item on its database for the purpose of future plagiarism checking).I certify that I have read and understood the Institute Rules in respect of Student Academic Misconduct. | | | | | | | Date | Student Signature | B. MARKER TO COMPLETE Comment : | Grade | | | | | | | | | | | | | | | Date | Marker’s Signature | | | IV’s Feedback | | | | | | | Date | IV’s Signature | Higher National Diploma in Business Management | Unit Title: Managing Financial Resources and Decisions | Assignment Title & Number:QCF-S1-A1-MFR | Learning Outcomes Covered:Outcome1: Understand the...
Words: 2160 - Pages: 9
...organizations for tomorrow’s storms” (Gale Group, 2004, p. 2). This paper will summarize the four elements of financial management; summarize generally accepted accounting principles and general financial ethical standards; and provide examples from articles that reflect ethical standards of conduct and financial reporting practices. Four Financial Management Elements Planning, controlling, organizing and directing, and decision making are the four elements of financial management. The purpose of planning is for the financial manager to identify the objectives and identify the steps required to achieve those objectives. The purpose of controlling is for the financial manager to review and compare current reports against previous data to ensure the plans, set by the organization, are being followed properly and efficiently. The purpose of organizing and directing is for the financial manager to ensure effective resource use and provide daily supervision. Lastly, the purpose of decision making is for the financial manager to make informed choices through primary tasks of analysis and evaluation. These four elements of financial management are the key to leading a successful and profitable organization. Accounting Principles and Ethical Standards The generally accepted accounting principles, better known as GAAP, are the accounting rules used to prepare, present, and...
Words: 737 - Pages: 3
... Campus: Park Royal Term: Winter CONTENTS 1. INTRODUCTION, AIMS AND OBJECTIVES 2. MODULE OUTLINE AND TEACHING METHODS 3. READING AND COURSE PREPRATION 4. LECTURE WITH DETAILED COURSE PROGRAMME AND OBJECTIVES 5. ASSESSMENT DETAILS INTRODUCTION This unit is designed to give learners a broad understanding of the sources and availability of finance for a business organisation. Learners will learn how to evaluate these different sources and compare how they are used. They will learn how financial information is recorded and how to use this information to make decisions for example in planning and budgeting. Students of this unit will gain an understanding of where and how to access sources of finance for a business, and the skills to use financial information for decision making. Upon completing the unit, learners will understand the sources of finance available to a business; understand the implications of finance as a...
Words: 5622 - Pages: 23
...Hrs Campus: Kilburn Term: Winter CONTENTS 1. INTRODUCTION, AIMS AND OBJECTIVES 2. MODULE OUTLINE AND TEACHING METHODS 3. READING AND COURSE PREPRATION 4. LECTURE WITH DETAILED COURSE PROGRAMME AND OBJECTIVES 5. ASSESSMENT DETAILS INTRODUCTION This unit is designed to give learners a broad understanding of the sources and availability of finance for a business organisation. Learners will learn how to evaluate these different sources and compare how they are used. They will learn how financial information is recorded and how to use this information to make decisions for example in planning and budgeting. Students of this unit will gain an understanding of where and how to access sources of finance for a business, and the skills to use financial information for decision making. Upon completing the unit, learners will understand the sources of finance available to a business; understand the...
Words: 5621 - Pages: 23
...provides an introduction to the most important aspects of corporate finance. The objective is to acquire the essential skills necessary to actively deal with the corporate finance activities of an internationally operating firm. The course explores both investing and financing decisions, focusing on their role in the creation of shareholder value. The course covers five main parts: the value of a firm - financial instruments, valuation concepts and decision rules. Risk and return - theory, empirical evidence and applications to capital budgeting. Financing decisions and market efficiency. Payout policy, capital structure and valuation. Course Content Summary Finance and the financial manager. Valuing bonds and common stocks. NPV and investment decisions. Risk, return and the opportunity cost of capital. Capital budgeting and risk. Efficient markets and behavioural finance. Payout policy, debt policy and capital structure. Financing and valuation. Textbooks R. BREALEY, S. MYERS, F. ALLEN, Principles of Corporate Finance, McGraw Hill, 2014,11th edition. Exam textbooks & Online Articles (check availability at the Library) Detailed Description of Assessment Methods Course assessment consists of two written exams (partial and final exam, 70%) and homework assignments (group case studies and individual assignments, 30%). The homework assignments have the main goal of helping to master the course material. They ...
Words: 386 - Pages: 2
...| UCSI UNIVERSITYFACULTY OF BUSINESS AND INFORMATION SCINECE (FoBIS) | Teaching Plan 1. | Unit Code &Unit Title: | BA106 INTRODUCTORY ACCOUNTING | 2. | Course of Study: | BACHELOR OF ACCOUNTING AND FINANCE, BACHELOR OF ACCOUNTING, BACHELOR OF FINANCE AND INVESTMENTS | 3. | Year of Study: | 1 | 4. | Year and Semester: | JAN 2015 | 5. | Credit Hour & Contact Hours: | 3 credit hours Lecture: 3Tutorial: 3Practical: | 6. | Lecturer: | SHAKERIN ISMAIL | 7. | Tutor: | SHAKERIN ISMAIL | 8. | Mode of Delivery: | LECTURE, TUTORIAL | 9. | Objective: | This subject would enable the students: 1. To understand and appreciate of the accounting concepts and accounting practice. 2. To prepare the recording process and understand the whole accounting cycle. 3. To possess the technical ability in preparing basic financial statements. | 10. | Learning Outcome: | At the end of the course, students should be able to:Knowledge 1. Distinguish different forms of business and its reporting environment. 2. Explain the accounting principles and the role of accounting reports.Thinking Skills 3. Use accounting equation to analyse the economic effect of a transaction. 4. Use double entry system of accounting to record business transactions.Subject-based Practical Skills 5. Prepare trial balance. 6. Prepare adjusting entries and closing entries. 7. Prepare entry for special journals and subsidiary...
Words: 643 - Pages: 3
...| | | | | | |[pic] | | | | | |UCD School of Business | | | | | |Accountancy Subject Area ...
Words: 2361 - Pages: 10
...BAO 3309 Advanced Financial Accounting Semester 2 2013 BAO3309 Advanced Financial Accounting: Research Assignment INDIVIDUAL ASSIGNMENT – 20% (Due date: no later than 5pm on Wednesday 18 September 2013) This assignment weighs 20% of the total grade of this subject. It must be handed in before the due date and meet all the submission requirement for successful completion of the subject Research topic: Convergence of international financial reporting standards 1. Your essay needs to address the following questions: A. Critically review literature on arguments for and against global convergence of international financial reporting standards (IFRS) B. Identify two listed companies: one from Australian Securities Exchange (ASX) and the other from New York Stock Exchange (NYSE); and analyse the accounting policy statement in their annual reports for the reporting year 2012 C. Discuss if your findings of Question 2 support (or reject) the convergence of IFRS. 2. Submission requirement 1. In-text references and a reference list are required to evidence your review of literature (see Appendix 1 for a list of academic journals) 2. Style: Use the following reference style (adapted from The Journal of International Accounting’s Author’s Information) for your assignment a. References list: references should be arranged first alphabetically and then further sorted chronologically if necessary. More than one reference from the same author(s) in the same year must be identified by the letters...
Words: 1391 - Pages: 6
