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Unformatted text preview: BUSINESS INFORMATION MANAGEMENT ACCOUNTING WEEK 2 Week Theme: Decision Making Framework Learning Outcomes: Identify, and think critically about, the need for business information management. Apply the principles of financial accounting. Undertake relevant secondary research. Develop and use frameworks for reflecting on learning and business practice. Content: Financial Statements: Balance sheet, accounting equation and concepts of assets, liabilities and equity. Objectives : Students should be able to: explain the nature and purpose of the balance sheet demonstrate an understanding of assets in terms of definition, recognition, measurement and classification demonstrate an understanding of liabilities in terms of definition, recognition, measurement and classification discuss the nature and classification of owners equity explain the basic accounting equation contrast the alternative balance sheet formats discuss the main factors that influence the content and values in a balance sheet prepare a simple balance sheet state the potential limitations of the balance sheet in portraying an entitys financial...
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This note was uploaded on 10/24/2011 for the course ECON 101 taught by Professor Abcd during the Fall '11 term at RMIT Vietnam.
- Fall '11