Develops a solid understanding of fundamental accounting principles and techniques and is ideal for those working in an analytical or managerial role.

Syllabus Topics

1. Accounting principles and techniques (70%)

Reasons for keeping accounts

  • The accounting equation and rules of double entry, the cashbook, credit transactions and discounts
  • Control accounts
  • Bad debt
  • Depreciation, accruals and prepayments
  • Trial balance, final accounts and statutory accounts.

2. Regulatory framework (5%)

  • Concepts, conventions and accounting standards
  • Audit

3. Business finance (15%)

  • Types and sources of finance
  • Working Capital
  • Cash operating cycle
  • Budgetary control.

4. Ratio calculation (10%)