Referencing Styles : APA Subject Learning Outcomes: 1.Understand the nature of assets, liabilities and income in the context of the accounting model2.Develop an understanding of, and the ability to prepare, basic accounting statements such as the statement of financial position and the statement of financial performance3.Ability to produce and interpret operating and capital budgets. Understand the various ways in which a business assesses capital investments and develops its capital budget, and make long term resource … View More Subject Learning Outcomes: 1.Understand the nature of assets, liabilities and income in the context of the accounting model 2.Develop an understanding of, and the ability to prepare, basic accounting statements such as the statement of financial position and the statement of financial performance 3.Ability to produce and interpret operating and capital budgets. Understand the various ways in which a business assesses capital investments and develops its capital budget, and make long term resource allocation decisions 4.Understand the behaviour of costs and know how to conduct analysis of changes in sales and costs on profits. Understand operating leverage, its measurement and the impact it has on financial statements through cost structures as well as the use of cost structures in short-term decisions regarding resource usage 5.The ability to analyse and interpret financial statements and understand of the relationship between the different statements. Read Less