Unit Title: Introduction to basic accounting 2

Prerequisite: ACC301

Semester 1: Not offered               Semester 2: Offered on F-F mode

This unit introduces students to the following accounting process:

(1) Analysis and interpretation of financial statements – This involves the calculation of ratios and percentages by conducting vertical, horizontal, and trend analysis. It also deals with the interpretation of the ratios calculated for sole proprietor businesses.

(2) System for implementing the accounting process – This looks into the design of an effective accounting system that strengthens good internal control within a business or organization in terms of control over cash, accounts receivable, accounts payable, payroll, inventory, non-current assets, and data processing