BF220 Financial Reporting, Analysis and Management Control

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Welcome to E2.2 BF 220: Financial Reporting, Analysis, and Management Control!

This course dives into the core principles and practical applications of financial statement preparation for both reporting and management control purposes. From understanding statutory requirements to mastering financial analysis techniques, this course equips you with the essential knowledge and skills needed to navigate the intricate world of financial reporting.

1: Financial Reporting Framework

Discover the conceptual underpinnings of financial reporting, including accounting theory, profit measurement approaches, and the limitations of historical cost statements.

2: Practical Aspects of Financial Reporting

Delve into the practicalities of financial reporting, covering topics such as the presentation of financial statements, inventory valuation, property plant and equipment valuation, revenue recognition, and more, in accordance with international standards.

3: Interpretation of Financial Reports

Unravel the mysteries of financial reports through ratio analysis and cash flow interpretation. Learn how to extract valuable insights from financial statements to predict corporate success and failure.

4: Management Control

Master cost behavior analysis, budgeting, forecasting, and decision-making techniques crucial for effective management control. Identify limiting factors and make informed decisions to drive business growth and profitability.

Assessment:

Your progress will be assessed through continuous evaluation (40%) and a final examination (60%).

Recommended Textbooks:

1. ACCA F7/FR – Financial Reporting textbook
2. Colin Drury – Management Accounting
3. D.A. Alexander and A. Britton: Financial Reporting (International Thomson Business Press)
4. J.R. Edwards and H.J. Mellet: Accounting for Banking Students (CBI/Bankers Books)

Enroll now and embark on your journey to financial expertise with E2.2 BF 220!