Financial Decision Making
This is not available as a Single Subject. This is a Post Graduate Diploma in Management subject.
Main Topics of Study:
- Decision making
Finance based concepts and theories related to short-term decision making, to include relevant cost evaluation, opportunity costing and pricing.
- Corporate objectives
Finance based concepts and theories supporting the selection of long-term strategies to fulfil corporate objectives. Examples would be the Balanced Scorecard, Strategic Management Accounting, Capital Investment Appraisal and Overhead Recovery (Activity Based Costing versus traditional).
- Budgetary control
Evaluation of the theory and practices relating to the role and effectiveness of budgetary control systems.