This study focuses on the procedures of accounting and finance and the way in which these may be used. The study examines the processes of recording and reporting financial information to provide users with appropriate information for planning, control and effective decision making.
All units focus on accounting and finance for sole-proprietor small business.
It is expected that students will be introduced to the use of information technology in accounting procedures in all units. This unit introduces the processes of gathering, recording, reporting, analysing, interpreting and evaluating financial information for use in a small business. This unit develops an accounting system based on single entry accounting, the cash method of revenue and expense recognition and reporting using the modified cash approach and the accrual approach. Unit 2 introduces a double entry system using the accrual basis of accounting. Units 3 and 4 Units 3 and 4 are designed to be studied as a sequence.