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Chapter 14

Financing and cost accounting

Outcome

By the end of this session you should be able to:

 identify the advantages and disadvantages of alternative sources of finance
listed in a question

 explain, for businesses in general, how their current and non-current assets
should be managed with regard to finance and risk

 discuss how the role of the accountant and the finance function have been
transformed within organisations

 evaluate how budgets, standard costing and variance analysis can support
strategic planning and decision making

 evaluate decisions that include risk and uncertainty by using decision trees

 make decisions based on marginal and relevant costs techniques

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Integrated Workbook can

be found in Chapter 14 of your Study Text

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