Please note this module descriptor is indicative of the structure of this course and may be subject to change.
This module provides a practical introduction to the concepts, conventions and practices used in processing business transactions into general purpose financial statements to enable a critical evaluation of the role accounting information plays in decision made by users of such information.
this module considers accounting concepts, books of original entry, correction of accounting errors, preparing final accounts of sole proprietorships and limited liability companies and interpreting accounting ratios.
A student passing this module should be able to:
1. Display an understanding of the regulatory and professional framework within which accounting operates; (PLO1)
2. Demonstrate an understanding of accounting concepts and their relevance in recording and reporting business transactions; (PLO2)
3. Evaluate accounting records to identify and correct accounting errors; (PLO3)
4. Apply accounting concepts and techniques in drafting basic financial statement for sole proprietorships and limited liability companies; (PLO2)
5. Compute and explain basic accounting ratios; (PLO3)
Evaluate financial accounting information as the basis of decision making. (PLO3)
A course map contains a list of the individual study units, called modules, that you study to complete your course. Some modules are compulsory, but you can sometimes choose modules outside your core area of study which interest you.
A module is a self-contained, individual unit of study. The module descriptor provides various details about the module including who the module tutor is, what you will be studying, how you will be assessed and what you will have learned once you have completed the module.
Course maps and module descriptors from previous years can be found in the Course Resources Archive.
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