ACCOUNTING

Course Code

AC 1511

Credit Points

20

Course Coordinator

Professor D Heald

Pre-requisites

None

Overview

An introduction to accounting:

• The need for performance measurement and accounting


• An introduction to business planning

An overview of financial accounting:

• Recording and classifying transactions: Double entry systems


• Analysing transactions: preparation of financial statements - trading and manufacturing

An overview of management accounting:

• Understanding costs - behaviour, labour, materials and overheads


• An introduction to costing systems - absorption and marginal costing


• Short term decision making


• Budgeting

Structure

2 one-hour lectures and 1 two-hour workshop per week.

Assessment

1st Attempt: 1 written examination (70%); continuous assessment (30%).

Resit: 1 written examination (100%).