Given the constant changes of the business environment, how can financial accounting help managers create budgets, improve efficiency and develop short- and long-term strategies to stay competitive? You'll study the core principles, concepts and policies, and the necessary adjustments that underpin the preparation of final financial statements of sole traders, partnerships, and limited liability companies. You'll also gain practical experience with key accounting tools used by industry to prepare, analyse, and interpret financial statements, as you develop your understanding of the core principles, concepts and policies of financial accounting - preparing you for the rest of your degree.
Lecture 32, Seminar 12, PC Lab 4
Online Test (45 minutes) worth 20%.
Individual Report (1000 words) worth 20%.
Invigilated Examination (2 hours) worth 60%.
Reassessment Method: 100% Examination – 2-hour Invigilated Examination
On successfully completing the module, students will be able to:
Demonstrate a basic understanding of core accounting principles and concepts
Record and summarise economic events through double-entry bookkeeping
Identify and apply various adjustments to financial statements
Analyze and prepare final financial statements of sole traders, partnerships and limited liability companies
University of Kent makes every effort to ensure that module information is accurate for the relevant academic session and to provide educational services as described. However, courses, services and other matters may be subject to change. Please read our full disclaimer.