Accounting (Foundation)

Aims of the syllabus The syllabus is intended to enable the students to: • develop an ability to apply accounting concepts, principles and practices • understand the role of accounting as an information system for monitoring, problem-solving and decision-making and the place of accounting in changing economic, social and technological environments • develop a critical and analytical approach to examining and evaluating accounting policies and practices • develop skills of communication, analysis, interpretation and presentation of both qualitative and quantitative accounting information

Curriculum content The accounting system Financial accounting Financial reporting and interpretation Costing principles Preparing financial statements Budget

Assessment at a glance Continuous Assessment Paper Weighing 20% 40% Paper 1 1 hour / 30 marks Short answer questions Paper 2 1 hour 30 minutes / 90 marks Structured questions Paper 3 2 hours 30 minutes / 120 marks Short answer and structured questions Continuous Assessment

Assessment objectives AO1: Knowledge and understanding AO2: Application of knowledge and understanding AO3: Ability to select, analyse and present information in an appropriate form AO4: Ability to present reasoned explanation AO5: Ability to make judgments, recommendations and decisions