London School of Economics and Political Science (LSE)

Modules

19/D19
Elements of Accounting and Finance

People professionally qualified in the accountancy field who would now like to take a degree may apply for exemption from this paper.

Balance sheets, cash flow statements, income accounts and other accounting statements relating to past events and planned activities: their construction, use and interpretation. Accounting conventions: their nature, purposes and limitations.

The nature and capital structure of limited companies. The essential differences between the accounting and economic concepts of income. The basic arguments for, and against, a conceptual framework of accounting.

Introduction to budgetary planning and control, and to long-range planning and capital investment appraisal.