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Finance and accounting are of critical importance in the support of all business activities so this course is designed to introduce the basic concepts on which finance and accounting are based, providing students with a toolkit that enables a better understanding of the performance of businesses and the decisions and problems they face.
This module introduces learners to the key tools that a manager should possess within their arsenal in order to actively contribute to an organisation, enable effective decision making within global market dynamics, monitor and report on its performance, and capitalise on its greatest assets ¿ its people, by understanding, nurturing, listening to and fostering their development. The module will explore the principles of financial planning and control and reporting of results in accordance with IFRS, to then move to the analysis of financial statements and the key financial ratios for performance management, monitoring and strategic decision making, including company valuations and business development considerations. The basic economics concepts will be introduced; supply an demand, markets structure and dynamics, pricing and currency, to enable the evaluation of strategic options to achieve competitive advantage within a global marketplace. The Management of Human resources and the organisational behaviour theories and key concepts will be introduced and critically evaluated, to understand the individual and their relationship within organisations and to substantiate the claim of sustained competitive advantage that the implementation of HRM within firms can bring. Key functions of HRM will be introduced and considerations specific to international organisations will be made.