Provide an overview of the role, nature and context of financial accounting as an information

There is no prerequisite for this course. M ODULE O BJECTIVES 1. To provide an overview of the role, nature and context of financial accounting as an information providing activity. 2. To develop an awareness of the complexity of the financial reporting environment and the way in which o rganisations and external regulatory agencies attempt to meet the competing accountability demands of stakeholders. 3. To develop conceptual and practical knowledge on financial accounting process and common major financial statements. 4. To develop an understa nding of the role and nature of accounting information systems and the ability to produce financial accounting information for decision making and accountability. L EARNING O UTCOMES On successful completion of this course students should be able to: 1. Describe the role and nature of financial accounting information within the internal and external environment of an organisation. 2. Apply double - entry accounting techniques and accounting concepts to maintain accounting records in a systematic manner for th e preparation of financial statements. 3. Analyze and interpret financial statements. 4. Prepare and use statement of cash flows as a source of financial information