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This Course code ACCT6001 corresponds to the course that introduces students to the principles of intermediate financial reporting as seen through the eyes of a business manager. The emphasis is on critical analysis of accounting data in financial statements and management accounting reports for managers to utilize in making responsible decisions. Laureate International Universities System is affiliated with this course code. Accounting for Managers teaches pupils the fundamental accounting principles they'll need to make sound company decisions.
The term "financial reporting" refers to data that describes an economic entity's financial resources, responsibilities, and actions. The word financial position refers to an entity's financial resources and obligations at a specific point in time, whereas the term results of operations refers to its financial activity over the course of a year. The course begins with a review of intermediate financial reporting to ensure that students are ready for the content ahead. Students will learn how to make financial decisions, such as those related to budgeting, financial statements, and cost-benefit analysis.
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Financial reporting data is primarily intended to aid investors and creditors in determining where to put their limited investment funds. Such judgments are significant for society because they determine which industries, corporations, and even countries will obtain the necessary financial resources for expansion and which will not. Financial reporting data is also used by many other decision makers. Managers and staff of a firm require this information on a regular basis in order to execute and regulate corporate operations.
Financial reporting information is developed and used by all types of businesses and individuals in their daily activities. However, in the corporate world, financial reporting concepts are the most established and precisely defined. As a result, the focus of this course is on financial reporting information pertaining to profit-driven businesses.
A lot of thought has gone into the design of this unit to make sure that students are exposed to both the academic principles and the practical applications of accounts for managers in real life. The objective of this course is to introduce complex problems of financial reporting such as valuation, measuring and reporting issues related to assets and liabilities and preparing the financial statements. Students are expected to gain the ability of using accounting information as a tool in applying solutions for managerial problems, evaluating the financial performance, and interpreting the financial structure.
Location: Laureate International Universities, United States
Study Level: Post Graduate and Undergraduate
Unit Code: ACCT6001
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This course will enable the students to combine practice and theoretical knowledge of financial reporting. The students of this course will be active learners and develop awareness of emerging trends in financial reporting. The course will provide decision making skills to the students in the financial reporting analysis context. The students of this course will have the ability to identify and analyse complex financial reporting problems and opportunities in real life situations. The university offers an introductory course, Introduction to Management Accounting.
You'll learn what it takes to use accounting practices for managerial purposes and provide strategic management for businesses. Indiana University offers a course on Managerial Accounting and Corporate control designed to introduce the principles of management accounting with a grounding in fundamental accounting principles such as product costing and performance measurement. The New York Institute of Finance and ACCA both offer professional certifications in Management Accounting. NYIF focuses on federal tax accounting, while ACCA offers a generalized overview of financial reporting for decision making and to enhance business operations.
Management accounting gives you the chance to lead a business through important decisions with solid accounting principles. This type of financial management is vital for the success and health of a business, and edX.org can help get you started on the path. Whether you're processing balancing sheets or providing activity-based costing, your accountancy expertise can provide a valuable service and a rewarding career. Help a business plan and prepare for the future with the right skills. You could be on the cusp of a rewarding and lucrative career.
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In order to graduate from ACCT6001, students will need to score at least 60% in each semester, which is a full-time degree programme. Credits scores are being divided between the practical examination and theoretical examination. As a university-sponsored full-time programmer, this one requires regular attendance and passing a minimum grade point average in order for students to move on to the following semester of the school year.
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To pass all assessment tasks, learners must receive at least 50% of the weighted score points given for each task. This is a full-time course proposed by the university which demands the students to regularly attend the lectures on-line and off-line as well, and secure the basic percentage of grades to get promoted to the next semester in each academic year.
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