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Level 4 Diploma in Accounting and Business

Assignment workshop: research, planning and referencing

AB403 · Principles of Financial Accounting — Week 13 of 16

CourseAB403
Week13 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Assignment workshop: research, planning and referencing

  1. Unpacking the assignment brief and criteria
  2. Finding and evaluating sources
  3. Planning and referencing
  4. 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.
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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: Foundations of Financial Accounting and Record-Keeping
  • Week 2: The Double-Entry Bookkeeping System
  • Week 3: Period-End Financial Concepts and Trading Performance
  • Week 4: Accounting Adjustments for Accruals, Prepayments, and Recei…
  • Week 5: Capital Expenditure and Depreciation of Non-Current Assets
  • Week 6: Financial Statements for Sole Traders
  • Week 7: Partnership Accounting and Reporting
  • Midterm: Midterm evaluation
  • Week 9: Financial Statement Analysis and Interpretation
  • Week 10: Professional Ethics and Conduct in Accountancy
  • Week 11: Accounting Regulation and External Audit Fundamentals
  • Week 12: Applying Principles of Financial Accounting in practice: ca…
  • 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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