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	Prescription:IC270 Accounting Package Aim of Module To introduce students to the concepts of accounting using an accounting package Credits 5 Knowledge Assumed From 50 student learning hours Prescription Expiry Date Nov 2003 Level and Assessment Schedule Topics Highest Skill Level Suggested Assessment Percentage 1 Accounting principles C 20 2 Accounting package A 80 100 LEARNING OUTCOMES The Student Will C 1 Understand the purpose of accounting and how accounting entries are recorded. A 2 Understand the sequence of events in an accounting package, and process simple transactions. CONTENT 1  Accounting principles > Describe how simple accounting entries are recorded, e.g. Ledger, Journal (Note: Purchase and Sales Journals are no longer necessary). top 2  Accounting package > Identify the various components of an integrated accounting package and where they fit in the system. Including accounts receivable, accounts payable and general ledger. > Describe briefly the sequence of events in the above modules. > Explain the importance of audit trails > Process transactions in an accounting package including: nvoices (accounts receivable and payable) Credit notes (accounts receivable and payable) Accounts receivable receipts Accounts payable payments General Ledger Journals Perform simple reconciliations of Accounts Receivable and Payable. top		Introduction Regulations Module Prescriptions   Back to list of Prescriptions
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