- Identify and evaluate the sources of company finance
- Evaluate the financial performance of companies and use financial information to support decision making
- Understand the scope and purpose of management information systems and use them to store, retrieve and analyze information
- Review MIS systems and evaluate the relevance of the information that they generate.
Section One: Managing Finance:.
Types of business organisation.
Company growth and the structure of groups.
Other business organisations.
Sources and types of finance.
External providers of finance.
Overdrafts, bills of exchange, creditors and factoring.
Hire purchase, credit sales and finance leases.
Bank loans, mortgages and debentures.
Published accounts requirements.
Profit and loss account theory.
Profit and loss account format.
Balance sheet theory.
Balance sheet format.
Cash flow statement theory.
Cash flow statement format.
Analysis and evaluation.
Users of accounting information.
Methods of analysis.
Solvency and liquidity.
Control of working capital.
Analysis of costs.
Direct and indirect costs.
Functional analysis of costs.
Behavioural analysis of costs.
Absorption costing and marginal costing.
Marginal cost applications.
The nature and purpose of budgeting.
Application of budgetary control.
Capital investment appraisal.
Accounting rate return.
Net present value and yield.
Interest rates, weighted average cost of capital.
Section Two: Managing Information:.
Why organisations need information.
The information age.
Information and decision making.
What kind of information is useful?.
Hard and soft information.
Different functions, different needs.
From data to information.
What do we mean by data?.
What do we mean by information?.
Computers and information management.
Processing data into information.
Methods of data capture.
Meeting an organizations information needs.
The bulging in–tray.
Information management in organisations.
Management information systems.
Decision support systems.
Personal information systems.
Using information technology.
Presenting information effectively.
Quality and reliability.
How reliable is the data?.
Hardware and software problems.
How information can mislead.
Errors of analysis.
Evaluating written reports.