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| 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 |
| 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. |
| 1 Accounting principles |
| > | Describe how simple accounting entries are recorded, e.g. Ledger, Journal (Note: Purchase and Sales Journals are no longer necessary). | |
| 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. | ||