Module Overview


The modules aims to provide students with; 1. a practical foundation in the basic applications of accounting 2. the ability to operate the double entry system of book keeping and to prepare financial statements for different enterprises

Module Code

BSST H1041

ECTS Credits


*Curricular information is subject to change

The Framework of Accounting

The accounting process. Suppliers and external users of accounting information. Types of business entities. Explain the regulatory framework. Principal accounting statements.

The Theory of Double Entry, Bookkeeping Principles

Applications to business transactions. Assets and liabilities. Trial Balance. Income and expenditure. Explanation of the books of original entry, journals and postings. Petty Cash and capital receipts. Revenue and Capital Expenditure. Non current assets and Depreciation.

Books of Prime Entry as the basis of posting to the ledger

Bad debts, Accruals and Prepayments. Depreciation. Statement of Comprehensive Income and Statement of Financial Position

Systematic Controls and Correction of Errors

Trial Balance and errors which can occur. Books of original entry; Petty cash system; Journal entries; Control accounts for both debtors and creditors; Bank reconciliation statements.

Accounts of non- profit making organisations

Receipts and Payments; Income and Expenditure; Statement of Financial Position.

Accounting in manufacturing businesses

Preparation of financial statements for Manufacturing Business from trial Balance

Module Content & Assessment
Assessment Breakdown %
Other Assessment(s)30
Formal Examination70