Accounting

Overview

Use of accounting information in business: the balance sheet, income statement and cash flow statement, and introduction to ratio analysis; introduction to: costing, accounting for overheads, budgeting, variance analysis and contribution analysis.

Learning Objectives

Students should be able to:

1. Appreciate the purposes for which accounting information is used in business;
2. Understand how that information is gathered, processed, and presented;
3. Use quantitative and qualitative techniques to aid problem solving; and
4. Demonstrate development of technical skills in preparing and interpreting basic accounting information

Skills

Students should be able to develop their:
IT and electronic-based learning skills;
independent learning skills;
time-management skills

Assessment

Students must achieve an overall mark of 40% in the module to pass