The following key concepts will be covered in the course:

 Basic principles and underlying concepts of financial accounting and management accounting

 The financial statements

 The role of financial statements in management decision making

 Preparing Income statements, Balance sheets and cash flow statements

 Analysing and interpreting financial statements

 Users of financial information/usefulness of accounting/the major financial statements/Accounting conventions/Preparing a balance sheet

 Effects of trading operations on the balance sheet/Classification of assets and claims/Balance sheet formats

 Accounting conventions and the balance sheet/Discuss purpose and limitation of the balance sheet

 Nature and purpose of the profit and loss account/Relationship between the profit and loss account and the balance sheet

 Recording advanced trading transactions including accruals accounting and depreciation

 Recording advanced trading transactions including costing inventories and trade receivables problems

 Accounting for limited companies/Financing limited companies/International Accounting Standards

 Basics of Double-entry bookkeeping/Recording trading transactions

 Balancing accounts/Preparing the trial balance

 Recording advanced trading transactions including depreciation, liabilities, prepayments and accrued expenses/ Preparing final accounts

 Discuss the importance of cash to a business/ Explain the nature of the cash flow statement

 Prepare a cash flow statement/ Interpret a cash flow statement

 Analysing and interpreting financial statements/Key steps in financial ratio analysis/Calculating ratios/Evaluating the profitability

 Calculating ratios/Evaluating the liquidity and Efficiency/ Evaluating financial gearing