Description

The unit covers the theory and practice of the double entry bookkeeping system, the trial balance, adjusting entries, the worksheet and the preparation of financial reports. Students are also introduced to the basics of cash flow and financial statement analysis. Coursework includes weekly assignments as well as a full manual practice set of the complete accounting process. The objective of the practice set is to expose students to the practical aspects of the accounting process, and how this process leads to the end product - the financial reports. There is also an assessable component on generic skills in accounting.