Teaching and Learning Strategy
- Describe the accounting environment; the accounting concepts and financial accounting reports; forms ofbusiness and the users of accounting information
- Manually classify, record, analyse and report accounting data under the accrual accounting system including month end bank reconciliations and adjustments for depreciation and movements in inventory.
- Prepare and present the three key financial statements; Income statement, Balance Sheet and Cash Flow statement
- Analyse and evaluate the financial reports using ratios as a decision making tool
Exams will take place in weeks 12 & 13. Please refer to the official Exam Timetable for further information.
Weekly lectures will be dedicated to providing you with introductory information & illustrations about the topics listed in the Subject Outline. During the lectures, the main concepts & a broad outline of the technical knowledge will be presented together with a demonstration of the practical skills required. Deep understanding comes from both technical knowledge and the ability to follow the rules of accounting. It is important to attend all lectures as the material for each lecture topic is different each week & in many instances will follow the previous lecture topic.
(The lecture material can be found on MOODLE).
Weekly tutorials will be dedicated to providing further explanation and clarification about each topic.
It is intended that home assignments be reviewed as well as revision of the lecture material. A high degree of direct interaction and student participation is expected in tutorial classes. Students are required to complete weekly activities as per the week by week Subject Outline.
Students must bring their textbook, a calculator and writing material to every lecture & tutorial unless otherwise advised, as students will be asked to work through some of the lecture demonstration problems & home assignments in class and discuss their answers.