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Learning activities
Learning outcomes
Demonstrate basic understanding of the accounting environment, ethics and the role of professional skill.
Explain the role of accounting information in the management planning and decision making.
Understand basic accounting concepts and apply them to analyse and record business transactions.
Understand the principles of managing and reporting working capital.
Prepare basic financial statements and understand the relationship of the main financial statements.
Apply tools to analyse and interpret financial statements as well as understanding some of the issues facing the readers of financial statements.
Understand the role of accounting in sustainable business.
Understand the types of costs and revenues relevant to business decision making.
Assessments
Additional information
The topics covered in this unit are:
- Introduction to Business Accounting – Forms of Business- legal and accounting aspects, Ethics and the Role of Professional Skill;
- Developing a Business Plan: Cost-Volume -Profit Analysis;
- Developing a Business Plan: Budgeting;
- The Accounting System: Concepts and Applications;
- Managing and Reporting Working Capital-cash, accounts receivable, inventory and accounts payable;
- The Income Statement: Content, Use and Ratio Analysis.
- The Balance Sheet: Content and Use and Analysis;
- Introduction to the Cash Flow Statement: Content, Use and Analysis;
- Introduction to Short-Term Planning Decisions: Type of Costs and Revenues Relevant to Decision Making;
- Sustainable Business Objective.