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Level 4 Diploma in Business Management

Adjustments to financial statements: depreciation and debt allowances

BM404 · Finance and Accounting — Week 9 of 16

CourseBM404
Week9 of 16
SemesterII
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This week’s topics

Adjustments to financial statements: depreciation and debt allowances

  1. Depreciation
  2. Debt allowances

What you will be able to do

  • 2.4 Apply techniques to make adjustments to financial statements.

Study materials

Further resources

  • Principles of Accounting Vol. 1, ch. 11.2: Capital versus revenue expenditure · PDF · OpenStax (2019), section 11.2 on which costs are capitalised as assets and which are treated as expenses; pp. 642–644 · for registered students
  • Principles of Accounting Vol. 1, ch. 11.3: Depreciation methods (straight-line) · PDF · OpenStax (2019), section 11.3; focus on the straight-line method at the start; pp. 645–655 · for registered students
  • Principles of Accounting Vol. 1, ch. 9.2: Uncollectible accounts · PDF · OpenStax (2019), irrecoverable debts; pp. 530–538 · 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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Course plan
  • Week 1: What finance and accounting are for: branches of accounting…
  • Week 2: Rules and laws that shape finance and accounting
  • Week 3: How finance and accounting support business decisions
  • Week 4: Different financial statements and what each one shows
  • Week 5: Preparing financial statements for a sole trader
  • Week 6: Preparing financial statements for a partnership
  • Week 7: Adjustments to financial statements: accruals, prepayments …
  • Week 8: Midterm evaluation
  • Week 9: Adjustments to financial statements: depreciation and debt …
  • Week 10: Calculating financial ratios from a set of business accounts
  • Week 11: Comparing organisational performance using historical finan…
  • Week 12: Types of budget: operating, cash, fixed and master budgets
  • Week 13: Budgeting approaches: incremental, activity-based, value pr…
  • Week 14: Preparing different types of budgets
  • Week 15: Review and coursework completion
  • Week 16: Final evaluation and project assessment
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