Summary of module for applicants:
The module will enable students to develop an understanding and knowledge of accounting principles and practices. Students will be guided through first entries in the books of accounts till the preparation of a trial balance. Topics covered involves the process of analysing, processing, interpreting and communicating financial information to aid in decision making. Towards the end of this module, learners would acquire financial accounting skills to help make decisions in a firm.
Learning Outcomes for the module
Where a LO meets one of the UEL core competencies, put a is code next to the LO that links to the competence.
• Digital Proficiency - Code = (DP)
• Industry Connections - Code = (IC)
• Emotional Intelligence Development - Code = (EID)
• Social Intelligence Development - Code = (SID)
• Physical Intelligence Development - Code = (PID)
• Cultural Intelligence Development - Code = (CID)
• Community Connections - Code = (CC)
• UEL Give-Back - Code = (UGB)
• Cognitive Intelligence – Code = (COI)
At the end of this module, students will be able to:
Knowledge
1. Record basic accounting transactions and prepare annual financial statements; (COI)
2. Interpret and communicate the information contained in basic financial statements and explain the limitations of such statements. (COI, IC)
Thinking skills
3. Classify the uses and users of accounting information; (COI, DP)
4. Apply principles and regulations relating to financial accounting and the preparation of financial statements. (COI)
5. Develop a convincing argument to present their views on relevant accounting issues. (COI, DP)
Subject-based practical skills
6. Apply the processes of recognition, measurement and disclosure of accounting information in the preparation of general purpose financial statements. (COI, CID)
7. Read and comprehend journal articles written about accounting principles and practice. (COI, IC)
Skills for life and work (general skills)
8. Apply financial accounting principles to a given business situation within the legal frameworks. (IC, SID)
The module will enable students to develop an understanding and knowledge of accounting principles and practices. Students will be guided through first entries in the books of accounts till the preparation of a trial balance. Topics covered involves the process of analysing, processing, interpreting and communicating financial information to aid in decision making. Towards the end of this module, learners would acquire financial accounting skills to help make decisions in a firm.
Learning Outcomes for the module
Where a LO meets one of the UEL core competencies, put a is code next to the LO that links to the competence.
• Digital Proficiency - Code = (DP)
• Industry Connections - Code = (IC)
• Emotional Intelligence Development - Code = (EID)
• Social Intelligence Development - Code = (SID)
• Physical Intelligence Development - Code = (PID)
• Cultural Intelligence Development - Code = (CID)
• Community Connections - Code = (CC)
• UEL Give-Back - Code = (UGB)
• Cognitive Intelligence – Code = (COI)
At the end of this module, students will be able to:
Knowledge
1. Record basic accounting transactions and prepare annual financial statements; (COI)
2. Interpret and communicate the information contained in basic financial statements and explain the limitations of such statements. (COI, IC)
Thinking skills
3. Classify the uses and users of accounting information; (COI, DP)
4. Apply principles and regulations relating to financial accounting and the preparation of financial statements. (COI)
5. Develop a convincing argument to present their views on relevant accounting issues. (COI, DP)
Subject-based practical skills
6. Apply the processes of recognition, measurement and disclosure of accounting information in the preparation of general purpose financial statements. (COI, CID)
7. Read and comprehend journal articles written about accounting principles and practice. (COI, IC)
Skills for life and work (general skills)
8. Apply financial accounting principles to a given business situation within the legal frameworks. (IC, SID)
- Teacher: Moodle Instructor 2