Learning outcomes to be assessed 1. Examine key accounting concepts and principles and the process involved in producing financial reports. 2. Interpret and analyse financial reports, using appropriate tools and explain the nature of earnings management and its relevance to users of financial reports. 3. Appraise the need for regulation of financial reporting, including accounting standards and describe the problems faced by standards setters in an international context 4. Assess and apply key concepts and techniques in management accounting and control