This course provides students with the opportunity to explore basic accounting systems, processes, and the resulting financial statements. Additionally, the students will closely examine accounting rules, procedures, and controls that are applicable to cash, receivables, and inventory. Included in this program is accounting for investments in long-term productive assets. This curriculum provides a thorough introduction to financial accounting as well as enables one to interpret financial statements.
The objective of this course is to prepare students to understand the ‘how, what and why’ of accounting. With this foundation, students would be able to prepare accounting statements and subsequently analyse the implications of the figures presented therein.