Faculty of Financial and Management Accounting
Welcome to the faculty!
A course in Accountancy
serves as a basis for a
career in many professional
fields, for example,
Engineering, Law,
Architecture, Medicine,
Dentistry or Building
Economics.
A basic knowledge of
Accountancy gives the
necessary background to run
one's future business
according to sound financial
principles.
One may contemplate a career
in Accountancy itself,
either in the profession-i.e..
preparing, auditing and
interpreting the accounts of
clients, acting as their
financial adviser, etc.-or
as a chief accountant,
directing the accounting
function in an organization.
Whatever your future
ambitions might be, the an
accounting course from ICB
is a valuable introduction
to the field of
Accountancy.
Management Accounting
on the other hand is the
process of identification,
measurement, accumulation,
analysis, preparation,
interpretation and
communication of information
used by management to plan,
evaluate and control within
an entity and to assure
appropriate use of and
accountability for its
resources.
Management accounting
also comprises the
preparation of financial
reports for non management
groups such as shareholders,
creditors, regulatory
agencies and tax
authorities. |
||
