Financial Accounting for Decision Making

Dublin City University

Course Description

  • Course Name

    Financial Accounting for Decision Making

  • Host University

    Dublin City University

  • Location

    Dublin, Ireland

  • Area of Study

    Accounting, Finance, Financial Management

  • Language Level

    Taught In English

  • Course Level Recommendations

    Lower

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

    5
  • Recommended U.S. Semester Credits
    2
  • Recommended U.S. Quarter Units
    3
  • Overview

    Description
    The aim of the module is to develop students' understanding of the role of financial accounting for decision making in organisations. More specifically, it will develop students' competence to prepare, analyse, understand, critically evaluate and use Financial Statements for decision making purposes. 

    Learning Outcomes
    1. Define the conceptual framework of accounting, including the objectives, characteristics, users and limitations of financial accounting information.
    2. Explain the development of accounting rules and how generally accepted accounting practices are utilised in financial statement preparation
    3. Describe how business transactions are reflected in the books of a business entity
    4. Prepare basic financial statements of a business entity to include the Income Statement, Balance Sheet and Statement of Cash Flows
    5. Apply financial accounting ratios to analyse and critically evaluate financial statements and prepare a report based on the needs of the recipient
    6. Explain the role of the financial accountant, management accountant, internal and external auditors.