Introduces the purpose of accounting, the accounting equation and double-entry basics, and how to prepare simple financial statements, cash-flow forecasts and ratio analysis.
To give students a foundational understanding of accounting principles and the ability to prepare and interpret basic financial statements.
| Week | Topic & Activity |
|---|---|
| 13 | Purpose of Accounting AC1.1 Explain why businesses keep financial records. AC1.2 Identify internal and external users of accounts. Lecture: Why Every Business Needs a Ledger. |
| 15 | The Accounting Equation AC2.1 Apply Assets = Liabilities + Capital to simple transactions. AC2.2 Record simple transactions using double-entry principles. Workshop: Balancing the Accounting Equation. |
| 17 | Financial Statements AC3.1 Prepare a simple Statement of Profit or Loss. AC3.2 Prepare a simple Statement of Financial Position. Lab: Building Financial Statements in Excel. |
| 19 | Cash Flow Basics AC3.3 Distinguish between profit and cash flow. AC3.4 Construct a simple cash flow forecast. Workshop: Cash Flow Forecasting. |
| 22 | Ratio Analysis AC4.1 Calculate simple liquidity and profitability ratios. AC4.2 Explain what the ratios indicate about business health. Workshop: Interpreting a Set of Company Accounts. |
| 24 | Final Assessment Submission Final submission of Units 04 and 05. Report finalisation. |
Assessed by coursework (no written examination) — an assignment, report or portfolio task set at the start of Term 2. A formative draft is reviewed with tutor feedback in Week 20, and the final version is submitted by the end of Week 24. Graded Pass, Merit or Distinction, with plagiarism-checked submissions (Turnitin) and a signed Learner Declaration Form.