This topic's aim is to provide a solid grounding in accounting fundamentals including recording transactions, preparing financial statements and elementary analysis and interpretation of financial statements. A second aim is to equip students with a critical perspective on accounting information via an understanding of the underlying principles, doctrines and methods.
This topic aims to introduce students to the technical aspects of recording and reporting accounting information for the relatively less complex sole proprietorship form of business organisation. It also aims to provide students with an understanding of the importance of financial information in business practice. The topic includes introductory financial accounting and preparation of three financial statements.
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