Accounting is a subject that teaches the skills and knowledge needed to understand how business works:

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• To contribute to a balanced and appropriate general education, leading to the personal and social development of each student together with a fostering of the concept of accountability

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• To create awareness of the business environment and to to provide each student with the knowledge, understanding and skills leading to a personal competence and responsible participation in this changing and challenging environment.

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• To encourage the development of self-reliance, mental organisation and agility, clear and logical thinking, planning habits, methods of investigation and processes whereby accuracy can be ensured

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• To enhance numeracy skills and promote awareness of the use of figures computations and statistics in the world of business and enterprise

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• To expose students to aspects of business and enterprise with a view to career and working life, additional studies in accounting or as a basis for further education.

 

• Topics Covered: Financial Statements Preparation, Farm Accounts, Club Accounts, Company Accounts, Manufacturing Accounts, Financial Statements Analysis and Interpretation, Budgeting, Break-even Analysis, Cost Classification, Accounting Theory and Principles.

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