About the subject

Learn the underlying principles and concepts of financial accounting, accounting techniques and the preparation of basic financial statements. You’ll demonstrate technical proficiency in the use of double-entry techniques, including the preparation and interpretation of basic financial statements for sole traders, partnerships, companies and simple groups of companies.

Sections

Section A

The context and purpose of financial reporting

Explain the context and purpose of financial reporting

Section B

The qualitative characteristics of financial information

Define the qualitative characteristics of financial information
Section C

The use of double-entry and accounting systems

Demonstrate the use of double-entry and accounting systems
Section D

Recording transactions and events

Record transactions and events
Section E

Preparing a trial balance

Prepare a trial balance (including identifying and correcting errors)
Section F

Preparing basic financial statements

Prepare basic financial statements for incorporated and unincorporated entities.
Section G

Preparing simple consolidated financial statements

Prepare simple consolidated financial statements
Section H

Interpretation of financial statements

Interpretation of financial statements

Supplied Materials

Study Plan

Lecturer Support

Video Tutorials

Lecturer Notes

Sample Lectures

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Lecturer Information

Kevin McNamee

Kevin has a Masters in Information Technology and a 1st class honours ‘business management‘ degree. His background is in Cost & Management and Financials accounting, Business Systems management and leading systems implementation projects. He has worked across large multinationals in the FMCG sector to various small high Growth business start-ups. He also specialises in aligning software systems (e.g. accounting) to the actual operations and procedures.

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