This course aimed at equipping students with the basic understanding of the principles and concepts of accounting and develop their ability to apply recognized accounting systems and methods in recording business transactions and preparing and interpreting financial statements.
COURSE CONTENTS
1. The role of financial accounting and reporting
2. The principles of financial accounting
3. Recording, handling and summarising accounting data
4. Fixed assets, current assets and pre-closing adjustments
5. Preparing financial statements for sole traders including simple incomplete records situations, club and societies, partnerships and limited companies
6. Interpretation of financial statements
Textbook : Business Accounting - Hong Kong (Vol 1 & 2) by Wood, F., Yau, L., Yau, R. and Yau, J.(FT Pitman)
Admission requirements: completion of Book-keeping Level 1 or equivalent