BAT4M: Financial Accounting Principles

The Accounting Cycle
• demonstrate an understanding of accounting principles and practices;
• demonstrate an understanding of the accounting cycle in a computerized environment for a service business and a merchandising business;
• demonstrate an understanding of ethics and issues in accounting.

Accounting Practices for Assets
• demonstrate an understanding of accounting procedures for short-term assets;
• analyse accounting procedures for inventories;
• demonstrate an understanding of methods of accounting for capital assets.

Partnerships and Corporations
• demonstrate an understanding of accounting in partnerships;
• demonstrate an understanding of accounting in corporations.

Financial Analysis and Decision Making
• compare methods of financing;
• explain and interpret a corporation’s annual report;
• use financial analysis techniques to analyse accounting data for decision-making purposes.