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Level 4 Diploma in Business Management

Review and coursework completion

BM404 · Finance and Accounting — Week 15 of 16

CourseBM404
Week15 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Review and coursework completion

  1. Understand the context and purpose of finance and accounting.
  2. Be able to prepare financial statements for different types of businesses.
  3. Be able to interpret financial statements.
  4. Be able to prepare a budget.

What you will be able to do

  • Bring together all the learning outcomes and complete the coursework against every assessment criterion.

Study materials

Further resources

  • Principles of Accounting Vol. 1, ch. 5.4: A complete accounting cycle, start to finish · PDF · OpenStax (2019), section 5.4 walks through one full cycle – a useful revision of weeks 4–7; pp. 283–306 · for registered students
  • Freedom to Fail: The Impact of Giving Accounting Students the Chance to Fail at Questions · Open-access article · McWall & Wall (2019), Accounting, Finance & Governance Review. Shows how low-stakes practice and reflection on mistakes improve accounting results; ideal for self-assessment. · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 14Week 16
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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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