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 a business would keep financial records.
• 1.2 Explain the purpose of business accounting.
• 1.3 Explain the accounting requirements of different types of business.
• 1.4 State different types of business finance at different stages in the growth of a business.
• 1.5 Explain the different types of accounting and financial statements.
• 2.1 Demonstrate accurate use of the double entry accounting system.
• 2.2 Demonstrate accurate bank reconciliation.
• 2.3 Develop control accounts for accounts receivable and accounts payable.
• 2.4 Demonstrate how to correct errors in accounting records.
• 3.1 Explain how absorption and marginal costing is used for decision-making.
• 3.2 Explain how budgeting is used for financial planning and control.
• 3.3 Explain how to undertake investment appraisal.
• 4.1 Produce accurate absorption and marginal cost statements.
• 4.2 Calculate sub and overall variances.
• 4.3 Prepare accurate and subsidiary budgets.
• 4.4 Apply investment appraisal methods to alternative capital investment options.

Activity

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

Study materials