University of Buckingham Virtual Learning Environment

The aim of the course is to provide students with an understanding of the role of Financial Accounting in the context of business. This course shows:

(1) "how accountants attempt to keep score", that is, report on the success of the business in terms of profitability ("the Profit and Loss Account"):

(2) how to create a statement of assets and claims at a particular point in time ("the Balance Sheet"):

(3) how the business has spent the money it has collected ("the Cash Flow Statement").

The module also aims to enable students to interpret financial statements in order to properly understand the financial position of a business and recognise the limits of the understanding they deliver.

After taking this module, students should be able to:

(1). Explain and analyse the role of financial accounting information in managing a business.

(2). Define and apply accounting concepts that are used in preparing financial statements ("the Profit and Loss Account", "the Balance Sheet" and "the Cash Flow Statement")

(3). Prepare, interpret and analyse such statements, and be aware of their limitations.

(4). Demonstrate understanding of the fundamental concepts of financial accounting and the relationship between financial accounting and business activities.

Students will develop an understanding of the theoretical frameworks presented in the area of Business Strategy and develop the ability to analyse strategic issues within growing organisations.

They will also gain an understanding of the strategy formulation process, the challenges faced and understand the problems of managing strategic change in growing organisations.

Welcome to Business Success Through Service Excellence which is dedicated to providing you with an excellent educational service - of course...! This module looks at the way in which businesses succeed as a result of providing elevated levels of customer loyalty in a service business environment. You will also discover that manufacturers and product-based companies also succeed as a result of services they provide. This module uses examples and case studies to demonstrate that the provision of service is fundamental to the profitability of every business.

This module has been designed to equip students with both an understanding of entrepreneurship and give experience of the entrepreneurial process.

During the module students will learn about the process of creating / adding value for other organisations or individuals. Students will explore value creation through new services, products or processes, while developing perspectives, and the skills related to idea generation, validation and business modelling.

The module will also help students shape their interpersonal and collaborative working skills as they deliver elements of the assessed work.