ACCOUNTANCY AND BUSINESS MANAGEMENT
course overview
This is a flexible course allowing you to study the fundamentals of accounting and business management with the option to then focus more deeply in either field. This course will prepare you for a career in management accountancy, management consultancy and business management.
If you choose to specialise in business management, you'll graduate ready for a business career with accountancy skills alongside. Over 50% of FTSE 100 CEOs are business leaders with a finance background such as this. You’ll study financial and management accounting alongside the legal, business, and organisational contexts within which they operate. You’ll then deepen your business knowledge with options to study HR, international business, entrepreneurship, marketing and more.
If you choose to specialise in accountancy, you can graduate as a 'part qualified' accountant but with a deep appreciation of its wider business context. You will study in line with professional practice requirements and so maximise the number of accreditations and exemptions you will have upon graduation. Your degree will be accredited with the Institute of Chartered Accountants England and Wales (ICAEW), the Association of Chartered Certified Accountants (ACCA), Chartered Institute of Management Accountants (CIMA) and the Association of International Accountants (AIA).
As with business, you’ll study financial and management accounting alongside the legal, business, and organisational contexts within which they work. You’ll then deepen your accounting knowledge with study options, including taxation, auditing, strategy, and contemporary issues such as social & environmental.
All students will have the chance to work on a finance or business project and enter the CIMA Global Business Challenge and compete with undergraduates around the world.
You’ll also follow your own business engagement programme which will give you first hand participation in live accounting or business environments. We call this 'Make it' and it is unique to the University of Gloucestershire.
Accounting plays an essential role in business and being able to discuss finance and accounting concepts competently is a skill highly sought after by employers in all sectors.
This joint honours degree will help to provide you with the skill set you need to give you a head-start in your career.
The Business Management modules provide you with a broad understanding of business concepts, ideas, models and methods, with an increasing focus on strategic management as you progress through the course. The Accounting modules enable you to appraise the role of accounting in society, to appreciate and critically analyse financial decisions taken by organisations and to evaluate the regulatory framework of accounting.
What is accounting?
Accounting is the recording of financial transactions plus storing, sorting, retrieving, summarizing, and presenting the information in various reports and analyses. Accounting is also a profession consisting of individuals having the formal education to carry out these tasks.
One part of accounting focuses on presenting the information in the form of general-purpose financial statements(balance sheet, income statement, etc.) to people outside of the company. These external reports must be prepared in accordance with generally accepted accounting principles often referred to as GAAP or US GAAP. This part of accounting is referred to as financial accounting.
Accounting also entails providing a company's management with the information it needs to keep the business financially healthy. These analyses and reports are not distributed outside of the company. Some of the information will originate from the recorded transactions but some of the information will be estimates and projections based on various assumptions. Three examples of internal analyses and reports are budgets, standards for controlling operations, and estimating selling prices for quoting new jobs. This area of accounting is known as management accounting.
Another part of accounting involves compliance with government regulations pertaining to income tax reporting.
Today much of the recording, storing, and sorting aspects of accounting have been automated as a
BUSINESS MANAGEMENT:
Business Management is a course of study leading to an A.A.S. degree. The coursework includes both general requirements (liberal arts courses) as well as curriculum requirements (business courses). In addition, each student takes elective courses in one of the following four areas of study: General Management, Finance & Banking, Marketing or Travel & Tourism.
Program Outcomes
- 1. Effectively communicate using the language of business
- 2. Make business decisions using a systematic, evaluative, information-based approach rooted in ethics and social responsibility
- 3. Demonstrate knowledge of current events and trends in business, including potential career tracks in their area of interest
- 4. Master the skills necessary to prepare them to work in an entry-level position and/or continue in the academic field in their area of interest
choose ABM because its give to you a better future
Chief Financial Officer
Job Responsibilities:
Develops financial well-being of the organization by providing
financial projections and accounting services; preparing growth plans;
directing staff.
The CFO may assist the CEO with forecasting, cost–benefit analysis
and obtaining funding for various initiatives. In the financial
industry, a CFO is the highest-ranking position, and in other
industries, it is usually the third-highest position in a company. A CFO
can become a CEO, chief operating officer or president of a company.
The
CFO must report accurate information because many decisions are based
on the data he provides. The CFO is responsible for managing the fiscal
activities of a company and adhering to generally accepted accounting
principles (GAAP) established by the Securities and Exchange Commission
(SEC) and other regulatory entities. CFOs must also adhere to
regulations such as the Sarbanes-Oxley Act that include provisions such
as fraud prevention and disclosing financial information.
Local,
state and federal governments hire CFOs to oversee taxation issues.
Typically, the CFO is the liaison between local residents and elected
officials on accounting and other spending matters. The CFO sets
financial policy and is responsible for managing government funds.
BUSINESS MANAGER
Business managers oversee the activities of workers; hire, train and
evaluate new employees; and ensure that a company or department is on
track to meet its financial goals. Business managers might also develop
and implement budgets, prepare reports for senior management and ensure
the department complies with company policies. Managers also ensure
workers have the resources to complete their work. The size of the
company can determine the type of activities the manager performs. For
example, in a larger organization, a production manager might direct
team or group leaders, who then oversee the scheduling and output of
workers. In a smaller company, the production manager might perform
these activities herself. Managers assess the performance of the
department or company against the business’s goals and plans. Some
business managers perform human resource activities, such as performance
evaluations, hiring and discipline for employees in their department.
Performance evaluations provide an opportunity to set goals, motivate
and develop workers. Managers motivate workers through incentives and
positive feedback. When workers fail to meet the company’s performance
requirements, managers provide the evaluation that can help employees
improve their work.
BUSINESS ADMINISTRATION
Business Administration professionals are used in every business. The
core foundation of business administration is planning, leading,
organizing, and controlling the aspects of a small or worldwide
business. Business Administration professionals receive much of the same
education as accountants and chief financial managers, but are
categorized as mid-level management or operational managers. The
majority of the business administration career is used for leading and
controlling specialized sections of a business that help to progress the
basic day-to-day operations.
Since Business Administration professionals have a well-rounded
education, they can work and function well in many different areas of a
company or organization.
The majority of those that enter into business administration begin
as a department manager. The role of a department manager is to plan,
organize, and control the overall duties of their assigned department. A
typical organization will have separate departments for sales,
manufacturing, accounting, and finance. Each department works in tandem
with the next and communication plays a large role in the success of
each department.
The largest available promotion for a department manager is the
operations manager. The duties of the operations manager is to control
the entire series of individual departments and use all available
resources for producing goods and services to their best ability.
Operations managers usually work in the manufacturing sectors and
coordinate effective processes to produce planned results.
All business administration professionals are expected to understand
the local, state, and federal laws of manufacturing and business.
video tutorial:
REFERENCES:
http://www.totaljobs.com/careers-advice/job-profile/finance-jobs/finance-director-job-description
http://jobdescriptions.net/business/business-administration/
http://www.investopedia.com/terms/c/cfo.asp
http://smallbusiness.chron.com/job-descripion-responsibilities-business-manager-44588.html