Accounting / Finance

Assessment

Component 1: Percentage of total marks: 50%. 3-hour exam – 50% numerical work and 50% written work (short essay – 6 marks and 2 long essays – 25 marks each). An introduction to the role of the accountant in business, Types of business organization, The double entry model, Verification of accounting records, Accounting concepts used in the preparation of accounting records, Preparation of financial statements of sole traders, Limited company accounts, Analysis and evaluation of financial information, Accounting for organizations with incomplete records, Partnership accounts. Component 2 Percentage of total marks: 50% 3-hour exam – 50% numerical work and 50% written work (short essay – 6 marks and 2 long essays – 25 marks each). This unit of study includes Budgeting, Marginal costing, Standard costing and variance analysis, Absorption and activity-based costing, and Capital investment appraisal.