YEAR 1 University - Accounting For Managers

YEAR 1 University - Accounting For Managers

A key part of the business management course.

Split into 2 parts: Financial Accounting & Management Accounting:

Management Accounting:
Budgetary Planning & Control, and Sources of Finance. It provides in-depth explanations on cost classification, cost behavior, and marginal costing for effective profit analysis and decision-making. The budgeting section emphasizes the importance of planning, communication, and control, detailing various budget types and the preparation of cash budgets to manage cash flow effectively. The finance section explores internal and external sources of finance, including debt and equity, with insights into financial markets and Islamic finance principles. Ideal for educators and students, this resource facilitates a thorough understanding of key accounting and financial management concepts.

Financial Accounting:

This comprehensive resource covers essential financial accounting principles, including the five main accounting areas (assets, equity, liabilities, revenues, and expenses) and the accounting equation (Assets = Liabilities + Owners’ Equity). It explains types of accounting—financial for external reporting and management for internal planning—along with the double-entry bookkeeping system. Detailed lectures cover asset types, transaction classifications, and balancing T accounts. It includes practical examples, financial statements (profit/loss and statement of financial position), and depreciation methods (straight-line and reducing balance). Additionally, it outlines the structure and taxation of private and public limited companies. Perfect for students and professionals seeking a thorough understanding of accounting fundamentals.

Over 25 Pages of Quality Notes!
Written by a current student!