Accounting for Decision-making Series
1. The Importance of Financial Governance
We will explore questions such as what accounting is, why it’s needed, the type of decisions that require accounting, who needs access to this information; and how accountability is created within organizations. You will understand how accounting functions within the diverse types of organizations, and how an organization's financial information is shared with its users.
2. The Role of Accounting
We will explore questions such as what accounting is, why it’s needed, the type of decisions that require accounting, who needs access to this information; and how accountability is created within organizations. You will understand how accounting functions within the diverse types of organizations, and how an organization's financial information is shared with its users.
3. The Accounting Cycle
We will look at how financial information flows within an organization, the difference between business events and transactions, and how transactions are captured and classified in an accounting system. You will understand the objectives and principles of financial reporting, and the steps for preparing a financial statement. You will be able to identify assets, liabilities, equity, revenues, and expenses , and what happens after the transactions are properly classified.
5. Interpreting Financial Statements
We will look at ‘the story behind the numbers’ by interpreting financial statements. You will understand how financial statements can be examined using tools such as horizontal, vertical and ratio analysis. Such analyses help us interpret the performance of an organization and compare it with similar organizations.
7. Costs and Cost Behaviour
You will develop an appreciation for different types of organizational costs, how they behave with organizational activity, and why analysis of these two aspects is important.
9. Developing, Monitoring and Controlling Budgets
You will learn about the what, why, when, who and how of developing, monitoring and controlling budgets.
4. Preparing Financial Statements
We will explore when and how to prepare financial statements, as well as the purpose of different financial statements.
6. Significance of Managerial Accounting
You will understand the purpose of managerial accounting, the role that managers play to bring structure to their organizations and the basis for decision-making. It’s all about learning why and how to MANAGE!
8. Incremental Decision-making
You will learn the different types of organizational decisions, how they are made, and the type of information considered when making such decisions. Often managers and decision-makers make incremental decisions intuitively!
10. Strategic Capital Investment Decisions
We will explore the topic: Strategic Capital Investment Decisions - also known as Capital Budgeting. This is the last video of this series. You will understand the basics of capital budgeting decisions and how they are made using different investment appraisal techniques.