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Accounting

Accounting 1: Financial Accounts

  • Introduction to accounting, assets, liabilities and capital, the accounting equation
  • Double entry bookkeeping, trial balance
  • Accruals, prepayments, bad debt and other adjustments
  • Capital and revenue, depreciation
  • Profit and loss statements
  • Balance sheets
  • Ratio analysis : profitability, liquidity, gearing, ROCE
  • Introduction to accounting standards and conventions
  • Shares, dividends, company structures

Accounting 2: Management Accounts

This unit is only available to students who have completed Accounting 1

  • Introduction to management accounting, definitions
  • Manufacturing accounts Contribution and marginal costing
  • Breakeven analysis, margin of safety, breakeven graphs Overhead absorption
  • Cash Budgets
  • Standard costing and variance analysis Investment appraisal

Accounting 3: Financial Services

  • Key personal savings products
  • Key forms of finance
  • Forms of finance available to businesses
  • Foreign services supplied by the UK clearing banks
  • Savings managed in a tax efficient manner.
  • The role of accountants and financial advisors in the investment management process
  • Financial Services Authority

Method of Assessment: End of unit written examination