This week’s topics
Review and coursework completion
- Reviewing the learning outcomes
- Completing and checking coursework against the criteria
- Self-assessment
What you will be able to do
- 1.1 Explain the principle that Capital = Assets – Liabilities.
- 1.2 Demonstrate the use of the accounting equation.
- 1.3 Outline the accounting concepts used when recording financial transactions.
- 2.1 Outline the double-entry system of bookkeeping.
- 2.2 Use the double-entry system of bookkeeping to process accounting data.
- 2.3 Analyse the usefulness of the double-entry system of bookkeeping to process accounting data.
- 2.4 Prepare a trial balance from given double-entry accounting data.
- 3.1 Outline the purpose of the three-column cash book.
- 3.2 Differentiate between cash and trade discounts.
- 3.3 Explain the accounting treatment for cash and trade discounts.
- 3.4 Prepare a three-column cash book from given data.
- 4.1 Explain the purpose of a bank reconciliation statement.
- 4.2 Prepare a bank reconciliation statement from given data.
Activity
Guided review of every criterion; coursework completion clinic and peer review.
Study materials
The teaching notes, exercises and videos of this week are in the student portal. Your portal is set up as soon as you receive final acceptance, so you can open them before the semester starts.
