
Generic programmes and qualifications
MICROCREDENTIAL COURSE/LLL: Learning Business by Doing Business
The objective of the Financial Accounting part of this course is twofold. First, it seeks to provide an understanding of the financial information necessary to make decisions (for managers within an enterprise or investors and analysts outside a company). This is a forward-looking orientation. The second objective is to understand the financial implications of managerial decision making in previous accounting periods. This is a backward-looking orientation. The approach is based on International Financial Reporting
Standards (IFRS) since IFRSs are the most widely used accounting standards worldwide. They are mandatory in the European Union.
The aim of the Management Accounting part is to explore in detail the concepts of costs, margins and profits. A cost is above all a construction whose assumptions and limits must be understood. Despite being an introductory course, it offers a critical insight into the work of management controllers and seeks to put into perspective certain misconceptions which often result in inappropriate decisions.

