This module will cover the nature of management accounting, the behavior of costs, full costs and their uses, additional aspects of product costing, standard costs, variable costing systems, quality costs, and joint costs and management accounting system design. It is the fundamentals of internal accounting system to be used by managers within the organization. It is usually confidential and used by management in order to make business plans, implementation and to be able to control the organization's strategy and plan.

 

It teaches the overview of financial system, money banking and financial markets. It gives the understanding of interest rates, behaviors of interest rates, the risk and term structure of interest rates, the stock markets, the banking the management of financial institutions, financial crises, the central banks and federal reserve system, the structure and competition of banking industry. 

 

This module gives the required knowledge and techniques for financial management. The primary objectives of financial management are to create wealth for the business, generate income, and return on investment base on the risk and resources investment. It also covers principles of the consumption and investment with and without capital markets, introduction to capital budgeting and valuation, risk and return and asset pricing models.