Introduction to Accounting
Description
This is an introductory module in accounting which assumes no prior knowledge of the subject. It is designed to introduce students to the basic accounting terms & concepts, transaction processing, presentation and interpretation of accounts.
Learning Outcomes
Ilustrate a broad introductory knowledge of the nature, purposes, role and importance of accounting, from a user perspective;
Prepare financial statements for sole traders incorporating a basic knowledge of fundamental accounting concepts, regulations and processes;
Apply the principles of the double-entry bookkeeping system in financial record keeping.
Interpret, evaluate and use accounting information at a basic level and be able to apply simple analytical techniques;
Formulate a nascent sensitivity to the composition, value and limitations of accounting information.