This course introduces the context and purpose of basic bookkeeping and accounting principles and practices required to maintain financial records with reference to accounts preparation. The course then concentrates in depth on the double-entry system and on recording, processing, and reporting business transactions and events, including the specific accounting for non-current assets. The course covers the use of the extended trial balance and how to identify and correct errors, including the reconciliation of the control accounts, and the posting of period end adjustments. The course also covers the preparation of final accounts for sole traders and for partnerships.
The course introduces the student to the fundamentals of preparing and recording financial documentation from source documents and processing ledger transactions up to the preparation of the trial balance. It also covers issues and procedures associated with maintaining and reconciling cash and petty cash balances and preparing the journal and relevant control accounts and identifying and correcting errors.
The course introduces students to basic costing principles and techniques and the tools with which to use these principles and techniques. The syllabus starts by introducing business organizations and the specific role of management accountant within the organization. The next part deals with cost classification followed by the identification of sources of information and coding, to ensure that cost information is properly classified.
The syllabus then introduces basic techniques for recording costs. It finally introduces candidates to spreadsheets as an important tool in supporting cost and management accounting.
The Business and Technology (BTM) course introduces students who may not have a business background to the business, which as an entity is made up of people and systems that interact with the environment and with each other. The syllabus begins with an examination of the purpose and types of businesses, the key stakeholders and the rights and responsibilities that businesses have in connection with them, exploring the external influences that affect the business in its environment, including economic, legal, social and technological factors. The course then examines the structure and functions of business, focusing on corporate governance and the specific accounting related roles in this process, particularly in financial reporting, assurance, control and compliance. The syllabus then introduces key leadership, management and people issues such as effective individual and team behavior, motivation and personal effectiveness. The final section of the syllabus examines how behavior at all levels within business should be underpinned by accepted professional ethics and professional values.
The course introduces the candidate to the fundamentals of the regulatory framework relating to accounts preparation and to the qualitative characteristics of useful information. The course then covers drafting financial statements and the principles of accounts preparation. The course then concentrates in depth on recording, processing, and reporting business transactions and events. The course then covers the use of the trial balance and how to identify and correct errors, and then the preparation of financial statements for incorporated and unincorporated organizations. The course then moves in two directions, firstly requiring students to be able to conduct a basic interpretation of financial statements; and secondly requiring the preparation of simple consolidated financial statements from the individual financial statements of group incorporated organizations.
The course covers basic costing and financing principles and techniques, and elements of management accounting which are used to make and support decisions.
The course starts by introducing students to costing and financing principles and techniques, and elements of management accounting which are used to make and support management decision making in different circumstances. The course starts by introducing candidates to management information clearly distinguishing it from financial accounting information. The next section introduces the basics of recording costs in management accounting. This is followed by coverage of a variety of costing techniques used in business. The next area of the course introduces candidates to the use of management accounting in support of decision making. Finally, the course introduces the concept of cash management as an essential element for planning
The course introduces students to elements of management accounting which are used to make and support decisions. The course starts by introducing the nature, source and purpose of management information followed by the statistical techniques used to analyze data. Then the course of Management Accounting addresses cost accounting and the costing techniques used in business which are essential for any management accountant. The course then looks at the preparation and use of budgeting and standard costing and variance analysis as essential tools for planning and controlling business activities. The course concludes with an introduction to measuring and monitoring the performance of an organization.
The course introduces students to the different ways of managing finance within an organization with the aim of enhancing business performance. This includes planning and controlling of cash flow in both the short and long term, how to manage capital investment decisions and managing trade credit for an efficient flow of cash. The syllabus starts by introducing the principles of effective working capital management and the impact working capital has on an organization's cash flow. It then looks at the techniques for forecasting cash to aid an organization in planning its cash needs. The next area of the syllabus looks at the different ways of managing cash in the short, medium and long term, including investing funds in capital projects. It finally looks at procedures for effective credit management to maximize flow of cash to the business.
The course covers an introduction to the nature and purpose of an audit, including the duties and liability of auditors, and the regulation that auditor must adhere to. The syllabus then covers the areas relating to the process of an audit planning and risk assessment, recording and evaluating internal control, as well as test of controls, audit evidence and the use of substantive procedures. The final section deals with audit completion including the auditor’s report.