This subject introduces basic concepts in financial and management accounting. It provides an overview to the function of accounting in real world contexts.
DurationThis subject introduces basic concepts in financial and management accounting. It provides an overview to the function of accounting in real world contexts.
On completion of this subject, students are expected to understand the accounting process in a business setting and how managers use accounting as a tool in managing business issues.
The financial accounting section includes basic and generally accepted concepts and principles so that students have a good understanding of internal management accounting and external financial reporting and are able to analyse and interpret financial statements for decision making as well as communicating financial information to internal and external parties.
The management accounting section emphasises cost concepts and cost-volume-profit (CVP) analysis, short and long term decision making, budgetary planning and control techniques, responsibility centre accounting, product costing, internal performance evaluation and strategic management accounting.
King’s Own Institute, KOI is a tertiary level institution located in central Sydney, Australia and offers high quality accredited undergraduate and postgraduate degrees in business, accounting, IT and TESOL (Teaching English to Speakers of Other Languages).
KOI aims to be a recognised leader as an education provider, famous for nurturing our students into successful careers. KOI is a team of widely experienced practitioners with a proud and established record of achievement in education and business. KOI is the place to be: location, facilities, learning support and opportunities. KOI is the launch pad for your career and with exciting diploma, bachelor, certificate and master courses in a variety of fields.
Here at KOI, we want the career shaping experience to be fruitful, memorable and enjoyable. We believe the experience of the higher education journey can be as important as the qualification itself.
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