Cost and Management Accounting
This subject being the core for Internal Auditing entails the basic knowledge of accounting for operational costs, drafting budgets, business analysis. This is done in terms of collaborating financial and non-financial information in decision making. It helps an individual be of great help in an organisation with regards to assisting in the core function of any type of business that is offering best quality goods and services at the least cost to maximise profits.
This subject involves accounting for the heart of any organisation (cash). It covers drawing up the financial statements, ratio analysis, cash flow statements and financial reporting.