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