1 Examine the context and purpose of accounting
Examine the purpose of the accounting function within an organisation.
Assess the accounting function within the organisation in the context of regulatory and ethical constraints. M1 Evaluate the context
and purpose of the accounting function in
meeting organisational,
stakeholder and societal
needs and expectations.
Critically evaluate the role of accounting in informing decision making to meet organisational, stakeholder and societal needs within complex
operating environments.
Prepare basic financial statements for unincorporated and small business organisations in accordance with accounting principles, conventions and standards
Prepare financial statements from a given
trial balance for sole traders, partnerships and not-for-profit organisations, to meet accounting principles, conventions and standards. M2 Produce financial statements from a given
trial balance, making
appropriate adjustments.
D2 Critically evaluate financial statements to assess organisational performance using a range of measures and
benchmarks to make justified conclusions.
LO3 Interpret financial statements
P4 Calculate and present financial ratios from a set of
final accounts.
P5 Compare the performance of an organisation over time
using financial ratios. M3 Evaluate the performance of an
organisation over time,
using financial ratios with
reference to relevant
benchmarks.
LO4 Prepare budgets for planning, control and decision-making using spreadsheets.
P6 Prepare a cash budget from given data for an
organisation using a
spreadsheet.
P7 Discuss the benefits and
limitations of budgets and
budgetary planning, and control for an organisation.
M4 Identify corrective actions to problems
revealed by budgetary
planning and control for
effective organisational
decision making.
D3 Justify budgetary control
solutions and their impact
on organisational decision
making to ensure efficient
and effective deployment of
resources.
