Review and coursework completion

This week’s topics

Review and coursework completion

1. Reviewing the learning outcomes
2. Completing and checking coursework against the criteria
3. Self-assessment

What you will be able to do

• 1.1 Explain why businesses keep financial records.
• 1.2 Identify internal and external users of accounts.
• 2.1 Apply Assets = Liabilities + Capital to simple transactions.
• 2.2 Record simple transactions using double-entry principles.
• 3.1 Prepare a simple Statement of Profit or Loss.
• 3.2 Prepare a simple Statement of Financial Position.
• 3.3 Distinguish between profit and cash flow.
• 3.4 Construct a simple cash flow forecast.
• 4.1 Calculate simple liquidity and profitability ratios.
• 4.2 Explain what the ratios indicate about business health.

Activity

Guided review of every criterion; coursework completion clinic and peer review.

Study materials

Further resources

• Principles of Accounting Vol. 1, ch. 5.4: A complete accounting cycle · PDF · OpenStax (2019), whole-cycle revision; pp. 283–306 · for registered students
• Writing Guide with Handbook, ch. 8.7: Reviewing the final draft · PDF · OpenStax (2021), a checklist for checking coursework before you submit it; pp. 269–271 · for registered students
• Writing Guide with Handbook, ch. 20: Portfolio Reflection – self-assessment · PDF · OpenStax (2021), reflecting on your progress and judging your own work; pp. 663–687 · for registered students
• Freedom to Fail: The Impact of Giving Accounting Students the Chance to Fail at Questions · Open-access article · McWall & Wall (2019), Accounting, Finance & Governance Review. Shows how low-stakes practice and reflection on mistakes improve accounting results; ideal for self-assessment. · for registered students