The purpose of this module is to equip students with the ability to understand accounting and be able to adapt to the workforce.
Illustrate a knowledge of accounting terminology and users of accounts
The accounting process. Suppliers and external users of accounting information. Types of business entities. Explain the regulatory framework. Principal accounting statements.
Prepare a set of Non-profit making accounts
Preparation of Receipts and Payments, Income and Expenditure accounts and Accumulated fund and Balance Sheet
Prepare a bank reconciliation statement
Understanding of need for and preparation of bank reconciliation statements
Define the Internal controls of an operation
What are internal controls and why they are so important within a company
Prepare and produce a set of accounts from a trial balance
Trial Balance. Statement of comprehensive Income. Statement of financial position.
Material will be delivered in class via lectures and classes will be interactive with class assignments given. Active learning and online strategies such as practice MCQs and polls will be used to increase student interest and engagement
Tutorials will be interactive and students will practice in-class assignments on the topic covered in class and to prepare students for upcoming assessments.
Recordings of assignments will be provided on the VLE as an extra resource available for students.
|Module Content & Assessment