Table of Contents
Content
Sales forecasting is all about predicting what’s ahead to prepare for cash-flow peaks and troughs. Having access to cash also gives you better buying and negotiating power, which could save you money in the long term. Money also needs to come in on time, so you can pay suppliers and invest in stock and supplies. Knowing how to manage cash in a small business is a key skill for any business owner. Reconciling your transactions is the second major bookkeeping task for small business owners and is usually done at the end of the month.
- Additionally, you will have access to online self-study materials to further support your learning.
- You will learn how to prepare and interpret financial statements, including provisions, contingent liabilities and assets, taxation and corporation tax computations.
- This applied and industry-engaged course gives you the edge in business by combining key management skills with financial expertise and strategic capabilities.
- As a result you may err on the side of caution when it comes to your business tax return.
- Tax planning involves the analysis of a business’s finances to find ways to legally reduce tax payments.
Essentially, it’s all about recording how much money entered the business and how much money left it. By keeping track of this information, HMRC can then calculate what tax you owe. If you are affected by any legislation changes, it might be worth speaking to an accountant or tax advisor for professional advice.
Why study accounting and business management?
For entrepreneurs, business owners and investors, that means having an in depth understanding of an organisation. A significant part of that is to comprehend the company accounts and what they are telling us about how well the business is doing. You’ll learn about audit and financial reporting, with an emphasis on Fintech and developing the digital skills you’ll need for a successful career in accounting and finance. Darren Byrne – is the Programme Leader, his areas of focus include management theory, professional consultancy projects, corporate governance and strategic business leadership. His research interests are in business and accounting ethics and developments in accounting curriculum.
It requires an evaluation of the role of management accounting within management control systems. It will show how the use of a range of strategic management accounting techniques can enhance the operational and strategic processes within organisations. Financial analysis and general business awareness are at the heart of this joint degree course.
How accounting helps your business
You’ll also use our virtual learning environment, NOW, which is a flexible web-based system that gives you 24-hour access to module learning materials and reading lists. It allows you to discuss work with tutors and submit coursework electronically from anywhere in the world. In my first year, I was elected as the course representative for my course and after as the school representative for second-year students.
Successful completion of the examinations and attainment of professional membership status is regarded as a highly coveted and respected accounting qualification worldwide. It also ensures that you will be work-ready and prepared for entering the diverse range of globally available career opportunities https://grindsuccess.com/bookkeeping-for-startups/ post-graduation. You can also participate in a large number of business societies, business events and peer-support schemes. Named after our Chancellor, the Lord Swraj Paul Building offers six floors of purpose-built student space, and is our Business School’s impressive multi-million pound home.
