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Level 3 Foundation Diploma in Accountancy

Applying Recording Financial Transactions in practice: case studies

AB301 · Recording Financial Transactions — Week 12 of 16

CourseAB301
Week12 of 16
SemesterI
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This week’s topics

Applying Recording Financial Transactions in practice: case studies

  1. Case analysis
  2. Linking theory to practice
  3. Evaluating evidence
  4. Accounting Lecture 02 Part II - Transactions and Statements

What you will be able to do

  • 3.3 Evaluate the impact on profit and asset valuations of incorrect management of capital and revenue expenditure and income.

Activity

Start with this week’s video, then: Case-study workshop: apply the unit’s concepts to a real or realistic case and evaluate the outcome.

Study materials

Videos

  • Accounting Lecture 02 Part II - Transactions and Statements · YouTube · Craig Pence · 13 min · for registered students

Further resources

  • MIT 15.535 Business Analysis Using Financial Statements, lecture notes: How Companies Cook the Books · PDF · Other, slides · for registered students
  • Principles of Accounting, Volume 1: Financial Accounting, ch. 3: Analyzing and Recording Transactions · PDF · OpenStax, textbook chapter; pp. 115–202 · for registered students
  • Introduction to Financial Accounting, Lyryx 2023-A, ch. 12: Financial Statement Analysis · PDF · Other, textbook chapter; pp. 489–532 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
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Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Purpose of Recording Financial Transactions
  • Week 2: Stakeholder Needs and Financial Information
  • Week 3: Principal Source Documents
  • Week 4: Preparation of Business Source Documents
  • Week 5: Books of Prime Entry Overview
  • Week 6: Cash and Bank Prime Records
  • Week 7: Preparing Books of Prime Entry
  • Midterm: Midterm evaluation
  • Week 9: Capital and Revenue Classification
  • Week 10: Accounting Approaches for Capital and Revenue Items
  • Week 11: Evaluating Misclassification of Capital and Revenue
  • Week 12: Applying Recording Financial Transactions in practice: case…
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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