Course Description

Course Name

Understanding Accounting

Session: VDNS3121

Hours & Credits

18 Credit Points

Prerequisites & Language Level

Taught In English

  • There is no language prerequisite for courses at this language level.

Overview

Basic financial and management accounting.

Teaching Arrangements
Lectures and Tutorials

Learning Outcomes
Upon successful completion of BSNS 107, students should be able to:
- Outline the main accounting concepts underlying the preparation of financial statements
- Explain the nature and purpose of financial statements
- Recognise, interpret and explain the information presented in the basic financial statements, namely: income statement, balance sheet, statement of movements in equity and cash flow statement
- Detect important relationships among the key items presented in the basic financial statements
- Prepare, interpret and explain both a cash budget and a revenue and expenditure budget for a business organisation
- Identify and explain different cost concepts
- Make sound decisions based on cost estimates prepared using different cost concepts and cost allocation methods
- Understand ethics within a business context
- Comment on trends and issues in Accounting

*Course content subject to change