The Award in Principles of Financial Accounting equips students with the core principles and practices of financial accounting. It delves into fundamental accounting techniques, focusing on how business transactions and events are meticulously recorded, processed, and ultimately reported. Students will gain hands-on experience by preparing financial statements and conducting high-level analyses to glean valuable insights. Additionally, this award explores the consolidation process, guiding students in creating simple consolidated financial statements from the individual statements of group-affiliated entities.

Learners will learn how to:

• Apply double-entry accounting and the accounting equation to record transactions
• Prepare and correct trial balances, including the use of a suspense account
• Draw conclusions using qualitative characteristics of financial information
• Create consolidated financial statements for subsidiaries and associated entities
• Analyse inter-linkages between financial statements and understand profitability, liquidity, resource efficiency, and financial position concepts

Mode of Assessment

The Award in Principles of Financial Accounting will be assessed through the use of an exam, an individual project and a reflective journal.

Target Audience

This programme is intended for those who are aged 18+ and aspire to work or are already working in the finance field.

‍