An examination of the methods of costing products and services is the focus of this course. In particular, attention will be paid to Process Costing, Job Order Costing, Absorption and Marginal Costing techniques. The importance of computerised accounts and the operation of such systems will also be emphasised.
This course is designed to expose the student to tools used to facilitate decision making and planning. It helps to differentiate among various types of cost. It explains how cost reacts to different levels of activity. It used graphs to illustrate costing information and also in profit/cost analysis. It demonstrates the benefits of making comparisons with similar industries when evaluating performance. It introduces the use of computers in accounting.
This course aims to build on the work covered in the first semester. It examines additional types of business organisations and also provides insight into accounting for small businesses and non-profit organisations. The correction of accounting errors and the use or restricted use of the suspense account is also highlighted.
This course introduces the concept of cost accounting. It highlights the benefits to the manufacturer when a costing system is used. Methods of valuing stock, as well as determining stock value under various circumstances, will also be covered. An overview of equity profiling is addressed which demonstrates issuing of shares and the treatment of reserves. The course also guides students in the preparation of financial statements for businesses which need to be restructured or modified.
This course is designed to acquaint students with specialised areas in financial accounting, as well as to give a more in-depth study of financial statements of different types of business. Partnership dissolution will be examined. Different forms of amalgamations and take-overs will be examined. Cash Flow analysis will be extended to incorporate more complex areas, especially those concerning limited companies. Students will then be required to prepare final accounts for limited companies in a form that is suitable for publication. The course concludes with an investigation into the ethical issues affecting businesses