In the first year of the course you will learn the basics of bookkeeping and the techniques of effective accounting. You will gain a full understanding of the importance of managing cash in a business and how this affects whether a business makes a profit or loss.
You will also understand how managing the ‘money side’ of business correctly will help the planning and monitoring of a successful business. Subject areas covered are business ownership, control, profitability, performance and budgeting.
Throughout the second year of the course you will develop an understanding of financial accounting techniques for businesses without a complete accounting system and you will identify the difference between Financial and Management Accounting. You will also investigate capital investment, budgeting and sources of finance as well as considering the impact of ethical issues in the accounting process. Assessment is by two external exams at the end of the second year.