Accounting for Business (ICSA Certificate in Business Practice)

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.