Robert Kiyosaki
’Double-entry bookkeeping’ is one of the great discoveries of European civilisation, but five centuries later most people are still muddled about assets and liabilities. Without such knowledge, technical terms like ‘balance-sheet recession’ and ‘rebuilding balance sheet’ are meaningless.”
Robert Skidelsky
(member of British House of Lords and Professor Emeritus of political economy at Warwick University)
1) Lecture -
* Each lecture contains individual topic
* Each topic covers specific issues and practices.
2) Group Work -
* Each week you will collaborate on the task.
3) Individual Development -
* Understanding of theoretical framework
* Developing individual analytical and technical skills.
4) Workshop -
* We will develop comprehensive subset knowledge with appropriate technical skills
* Engagement, reflection, and evaluation with feedback.
This course aims to develop knowledge and understanding of the quantitative and statistical methods to a level necessary for completing accounting and finance programme.The course includes five main parts including essential Maths, Describing data, Probability, Statistics and fundamentals of Decision-making in business, accounting and finance. Examples of quantitative methods in business, accounting and finance will be used.
- The course will include revision of basic mathematical operations, percentages and ratios, estimation and rounding, solution of equations and inequalities, and basic graphing.
- Students will be expected to use probability theory, including the calculation of expected values and deal with risk and uncertainty.
- When summarising and analysing data, students may be required to tabulate and graph results, or use other diagrammatic representation. Summarising and analysing data may also involve the calculation or use of statistics including measures of central tendency and dispersion, correlation and tests of statistical significance. Students will also be expected to explain data collection and sampling practices, and their advantages and disadvantages.
- Students will prepare for their finance studies by calculating simple and compound interest, and using compounding and discounting techniques in a variety of scenarios.
- For each of the above operations and techniques, students may be asked to present in an appropriate format, apply their knowledge and understanding to business, management and personal scenarios, and to make recommendations.
Module lectures will focus on theoretical and conceptual issues, while workshops will provide both practical applications of conceptual material presented in lectures and opportunities for students to discuss and critically analyse issues.
The module will typically include: theories that have been developed to assist in the improvement of corporate financial reporting and theories that provide explanations and understandings of the regulation and practice of corporate financial reporting; economic concepts of income and value and their application to financial reporting; accounting for business combinations and the preparation of group financial statements in accordance with International Financial Reporting Standards; complex accounting issues; advanced techniques of analysis and interpretation of corporate financial statements (such as trend analysis, segmental analysis and advanced ratio analysis); ethical issues in financial reporting, including creative accounting and earnings management; emerging issues in financial reporting.