Upon successfully completing this module, students will gain a enriched understanding of accounting principles, terms, and their practical applications in business contexts. The module covers a range of topics, including journals, ledgers, financial statements, and adjustments.

Knowledge:

1. Introduction to accounting and key accounting terms.
2. Brief overview of accounting ethics and principles.
3. In-depth knowledge of the accounting cycle and the preparation of financial statements.

Skills:

1. Identification and application of accounting standards.
2. Proficiency in preparing accounts, including journals and ledgers.
3. Data analysis skills for interpreting financial information.
4. Posting entries accurately in the accounting system.
5. Calculation skills relevant to accounting processes.

Upon completion of this module, students will be equipped with the essential knowledge and skills needed to navigate accounting practices, ensuring a solid foundation in the field. They will be capable of understanding and applying commonly used accounting terms and principles in real-world business scenarios.