The Accounting for Business Module:
The Accounting for Business module at ibam Certificate level is one of four areas
of activity considered essential for those seeking a qualification in business
practice.
This module will provide a sound underpinning for the ibam Diploma level
module ‘Business Finance’.
The module is intended for aspiring managers with little or no formal financial
training or experience, whose present and future positions will affect the
acquisition and use of business resources.
This module looks at the financial aspects of managing business resources.
The module will help students to understand the basic terminology, concepts and
techniques that underpin both financial and management accounting.
This module is designed to improve students’ understanding and use of financial
information.
On successful completion of this module, candidates will be able to:
Appreciate and understand the part that accounting and finance play within
business.
Understand the need for accounting information in business decision-making
and the differing needs of various stakeholders.
Understand the process underlying the preparation and presentation of financial
information and the accounting conventions and principles used.
Analyse basic financial information and draw appropriate conclusions.