This week’s topics
Foundations of Financial Record-Keeping
- Reasons for accurate record keeping
- Statutory compliance and auditing
- Specialist roles of financial and management accountants
- Internal accounting controls
- Importance of Business Accountancy
- Introduction to Financial and Management Accounting
- Accounting 1: Program #25 - "Internal Control"
What you will be able to do
- 1.1 Identify the reasons for maintaining accurate financial records in business.
- 1.2 Explain the specialist finance and accounting roles in a business.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: identify the reasons for maintaining accurate financial records in business.
Study materials
Videos
- Importance of Business Accountancy · YouTube · Galton College · 24 min · for registered students
- Introduction to Financial and Management Accounting · YouTube · Galton College · 30 min · for registered students
- Accounting 1: Program #25 - "Internal Control" · YouTube · JCCCvideo · 51 min · for registered students
Further resources
- Principles of Accounting, Volume 1: Financial Accounting, ch. 1: Role of Accounting in Society · PDF · OpenStax, textbook chapter; pp. 25–66 · for registered students
- Financial Accounting, ch. 6: Why Should Decision Makers Trust Financial Statements? · PDF · Saylor Academy, textbook chapter; pp. 175–206 · for registered students
- Principles of Accounting, Volume 2: Managerial Accounting, ch. 1: Accounting as a Tool for Managers · PDF · OpenStax, textbook chapter; pp. 23–76 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
