ABM.blog

Be yourself; Everyone else is already taken.
— Oscar Wilde.

Accounting and Business Management is a broad and dynamic discipline. It analyses how an organisation uses both its tangible and intangible resources and provides the information which organisations need to make decisions on the deployment of those resources efficiently and effectively. Accountants, for example, can be involved in roles as diverse as costing products or services; finding ways to organise production processes to reduce resource consumption; determining the profit a business is making, or recommending whether to acquire or divest business units.

Business interacts with a vast network of stakeholders in society. Whether they are shareholders, employees, customers, suppliers, competitors, governments or the communities in which they operate. Each is affected economically by the strategies, operations and financial performance of a business. Accounting and Accountants seek to improve the economic wealth and welfare of those groups by identifying, analyzing and communicating relevant financial and non- financial information to enable informed decision making to take place about a business.

Management Accounting – refers to the processes and technologies designed to secure the effective use of organisational resources, in diverse, dynamic and competitive environments.

Financial Accounting – refers to that area of accounting concerned with the design and operation of information and reporting systems directed to parties external to an organisation

Assurance Services – refers to the examination, verification and evaluation of, and the reporting on, financial or managerial processes, systems or outcomes in diverse and evolving contexts of accountability, to improve economic decision making and add value to clients.

Treasury and Financial Markets – refers to that area of work concerned with the global management of financial risk for organisations and the evaluation of financial investments.

Management Consulting – refers to the examination and evaluation of strategies, systems, processes, outcomes and managerial dynamics of an organisation with a view to providing recommendations for improved performance.