This module is designed to introduce students to departmental accounts, forecasting, to enable students to prepare detailed financial projections, be aware of the budgetary control process, apply variance analysis techniques and prepare a statement of cash flows.
Prepare and interpret departmental accounts
Illustrate and discuss the importance of forecasting and techniques in forecasting customers and revenue
Prepare detailed financial budgets (incorporating VAT)
Prepare flexible budgets
Appraise and interpret variance analysis techniques as part of the budgetary control process
Prepare and interpret a statement of cash flow