![]() These include double-entry bookkeeping, advanced numeracy, reading and analysing relevant case studies, using information and communication technologies, preparing appropriate reports and using and manipulating spreadsheets. You will learn the fundamental concepts and techniques of financial and management accounting as well as a range of relevant skills. There will also be a tutorial on incomplete records and you’ll have access to video tutorials on suspense accounts, bank reconciliations and control account reconciliations. The final unit is designed to help you revise the module teaching materials and prepare for the end-of-module examination. You'll consider some important management accounting applications, applying the concepts and principles of management accounting introduced in Unit 6. Unit 7: Management accounting applications You'll also cover the differences between manual and computerised accounting systems. You'll be introduced to the basic concepts and principles of management accounting, including cost analysis, accounting control systems and cost bookkeeping. Unit 6: Essentials of cost and management accounting You'll learn how to derive useful information from incomplete records, and how to prepare manufacturing accounts. You'll revisit end-of-period adjustments and how they are used to prepare financial statements. This introduces the books of original entry that underpin ledger accounts as well as the different ways that ledger accounts are monitored, controlled and corrected. You'll develop an understanding of recording a wide range of transactions through ledger accounts. You'll be introduced to the key principles of the double-entry bookkeeping system, which is based on the accounting equation. Unit 2: Essentials of double-entry bookkeeping ![]() You'll begin by being introduced to the scope and structure of the module and the purpose of bookkeeping and accounting, as well as the skills, knowledge and ethics required for accounting. While this module focuses on the accounting required for a sole trader, the skills and knowledge you'll learn are of central importance for accounting, and managing in any organisation, whether for-profit, not-for-profit or governmental. Our complex economic system depends on accurate, trustworthy and relevant financial records and reports. Proper accounting is crucial for the prosperity and survival of any organisation.
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