This week’s topics
Assignment workshop: research, planning and referencing
- Unpacking the assignment brief and criteria
- Finding and evaluating sources
- Planning and referencing
- Craap Test for evaluating sources
What you will be able to do
- 1.1 Explain the need for financial record-keeping.
- 1.2 Explain the importance of liquidity and solvency in business.
- 1.3 Explain the accounting equation.
- 1.4 Explain how to record financial transactions using the double-entry method of bookkeeping.
- 2.1 Examine the purpose and importance of end of year adjustments in the preparation of final accounts.
- 2.2 Calculate the value of revenue and cost of sales, for given data, over the accounting period.
- 2.3 Calculate year-end adjustments, for given data, to account for irrecoverable debts and provisions for doubtful debts.
- 2.4 Calculate year-end adjustments, for given data, to account for accruals and prepayments when preparing the financial statements.
- 2.5 Calculate the cost of depreciation from different methods of depreciation for given data.
- 3.1 Explain the purpose of preparing final accounts for sole traders and partnerships.
- 3.2 Prepare final accounts, including relevant adjustments, for a specific sole trader business.
- 3.3 Prepare final accounts, including relevant adjustments, for a specific partnership business.
- 3.4 Analyse the financial statements of a selected business.
- 4.1 Explain the professional characteristics and ethical principles exhibited by an accountant.
- 4.2 Evaluate the impact of a breach of ethics on accountants and business organisations.
- 4.3 Explain the role of regulatory bodies for accountancy in a specific country.
- 4.4 Identify the requirements for external audit and the basic processes undertaken.
Activity
Start with this week’s video, then: Plan the unit assignment against every criterion; source and reference the evidence.
Study materials
Videos
- Craap Test for evaluating sources · YouTube · Talking Libraries and Books · 7 min · for registered students
Further resources
- Writing for Success, ch. 8.1–8.3: Prewriting, outlining and drafting · PDF · Saylor Academy, textbook chapter; pp. 281–318 · for registered students
- Harvard Referencing quick guide 2025 (York St John University) · PDF · Other, report · for registered students
- Evaluating Information: Applying the CRAAP Test · PDF · Other, report · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.