Course Information Package
|Course Unit Title||INTRODUCTORY ACCOUNTING II|
|Course Unit Code||ABSA102|
|Course Unit Details||BA Business Administration (DL) (Compulsory courses) - BA Business Administration (Required Courses) - BA Accounting and Finance (Required Courses) - BSc Maritime Studies (Business and Maritime Electives) -|
|Number of ECTS credits allocated||5|
|Learning Outcomes of the course unit||By the end of the course, the students should be able to:|
|Mode of Delivery||Face-to-face|
|Recommended optional program components||NONE|
Correction of errors and journals: Understanding and applying journal entries to correct errors in the accounting records.
Control accounts: Preparing the sales ledger and purchase ledger control accounts.
Incomplete records: Preparing final accounts from incomplete records.
Non-profit organisations: Preparing final accounts for non-profit organisations.
Manufacturing accounts: Understanding their purpose and constructing manufacturing accounts.
Introduction to ratio analysis: Examination of key indicators for the financial performance and financial position of a firm.
Introduction to stock valuation: Identify and examine methods for carrying out stock valuation.
Introduction to partnership accounts: These include: the legal framework, appropriation accounts and partners’ personal accounts.
Introduction to limited company accounts: Compare the differences between sole trader and limited company accounts.
|Recommended and/or required reading:|
|Planned learning activities and teaching methods|
The taught part of course is delivered to the students by means of lectures, conducted with the help of computer presentations. Lecture notes and presentations are available through the web for students to use in combination with the textbooks. Lectures are supplemented with class exercises carried out in class and via homework.
|Assessment methods and criteria|
|Language of instruction||English|