In this course you will learn both how to prepare financial reports and, the impact of these reports on society. In other words you will learn that accounting is both a technical and social practice in all its contexts
In this course you will learn both how to prepare financial reports and, the impact of these reports on society. In other words you will learn that accounting is both a technical and social practice in all its contexts.
This course provides you with a fundamental understanding of accounting requirements, concepts & principles underlying financial accounting, which are necessary for you to, evaluate and assess the impact of financial accounting information in organisations and society.
While the explicit objective of financial reporting is to provide information for resource providers you will appreciate its pervasive influence in the larger context of a changing and interconnected world.
RMIT was established in 1887 as the Working Men’s College with the aim of bringing education to the working people of Melbourne.
RMIT at a Glance:
Our teaching, learning and research programs are continually updated so that students, staff and graduates are equipped to meet the challenges of the 21st century.
At the same time, we have not forgotten our past as one of Australia’s original educational institutions, and we have remained true to our original philosophy.
Since 1887, our inner-city campus has been a vital part of the City of Melbourne, from the 1880s boom through world wars, the Great Depression and renewed prosperity during the second half of the 20th century.
RMIT was awarded royal patronage by Queen Elizabeth II for its educational service to the Commonwealth and contribution to the war effort, and RMIT remains the only higher education institution in Australia with the right to use the prefix “Royal” and the Monarchy's coat of arms.
During the 1990s, the institution gained university status and developed campuses in Bundoora and Brunswick in the city's northern suburbs, and later in Ho Chi Minh City and Hanoi in Vietnam.
In 2013, RMIT opened a research and industry collaboration centre in Barcelona, Spain. With significant teaching partnerships in Asia and Europe, as well as research and industry partnerships on every continent, RMIT has a strong global presence.
It is of critical importance that directors (and officers) of all types of organisations have a reasonable understanding of a company’s financial statements to effectively undertake their respective roles and meet their statutory and common law duties.
Financial statement analysis is an integral part of the business analysis of the firm; it requires examination of the relevant economic situation, industry analysis, and the firm’s strategic position
Financial planning isn’t just a great tool for building your wealth. Anticipating and planning for pitfalls helps you avoid financial hardship when the unexpected happens.
Consolidated financial statements assist people to make informed economic decisions. When investors buy the shares of a parent company, they may buy into a group of companies.
During the course, participants complete hands-on case studies based on the processes used on a day-to-day basis in financial planning for example, what is the working process of providing financial planning service to a client, what documents needed to be done.
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