1.AFI BM INTRO
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Transcript of 1.AFI BM INTRO
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8/7/2019 1.AFI BM INTRO
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BM 001-3-2 AFI AFI Introduction Slide 2 (of 16)
Prerequisites for this module
Accounting skills (BM 001-1-1)
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BM 001-3-2 AFI AFI Introduction Slide 3 (of 16)
Aims of this module
Using accounting records to prepare the followingstatements:
Trial Balance
Trading and profit and loss account
Balance sheet Cash flow statement
The above statement will be carried out in the
context of trading and manufacturing
businesses, sole traders and limited companies. A study of the regulatory environment as it affects
financial accounting and reporting and will also
examine the analysis and interpretation of accounts
using appropriate methods.
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BM 001-3-2 AFI AFI Introduction
Aims of this module
In the second part of the module students will be introduced
to accounting for
Management decision-making:
Working capital management
Cost classification and break-even Analysis Absorption and marginal costing techniques and their
relevance to short-term and long-term decision-making.
Investment appraisal and strategic investment decision making
Budgeting and planning This module will conclude with a consideration of appropriate
accounting techniques for short, medium and long-term planning and
control
Slide 4 (of 16)
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BM 001-3-2 AFI AFI Introduction Slide 5 (of 16)
Learning Outcomes
At the end of the module, the student should be able to:
1. Demonstrate knowledge and understanding of
concepts, principles and techniques of accounting.
2. Apply appropriate accounting and financial techniques
in the preparation, interpretation and presentation of
financial statements.
3 Apply and evaluate financial techniques for
management planning, decision making and control in
the short , medium and long term.
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BM 001-3-2 AFI AFI Introduction Slide 6 (of 16)
Topics we will cover Introd
uction to double entry and preparation
of trial balance
Division of ledger & Books of prime entry
Preparation of final account & Balance sheet
Review Questions Complete
Introduction to partnership, Limited Companies& Manufacturing accounts
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BM 001-3-2 AFI AFI Introduction
Ratio & Interpretation of accounts
- Horizontal analysis
-Trend analysis
-Vertical analysis
- Ratio analysis
Introduction to management accounting
Absorption of Overheads
Introduction to management accounting &
decision making
Cost classification and attribution and financial
analysisSlide 7 (of 16)
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BM 001-3-2 AFI AFI Introduction
Budgeting system
Investment appraisal techniques
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BM 001-3-2 AFI AFI Introduction Slide 8 (of 16)
You should abide to all the rules & regulation of the
College
Proper attire
No speaking of dialects Attendance is compulsory and valid medical
certificates or letters from parents /guardians must
support any absence from class.
Three lateness will be equal to one absenceAll pagers and hand - phones should be turned off
during lectures.
What is expected of you
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BM 001-3-2 AFI AFI Introduction Slide 9 (of 16)
Students doing things not related to the current lecture will be
asked to leave the room and disciplinary action will be taken
in accordance with the Institutes rules and regulations.
Students should not leave the room during a lecture exceptwith the agreement of the lecturer
Assignments should be submitted before 7.00p.m. on due date
to the receptionist.
Students have to submit the EC form for late assignment and
missing from class test.
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BM 001-3-2 AFI AFI Introduction Slide 10 (of 16)
Consultation hours Email : [email protected] Resources
Reference material Internet resources
What support is available for you
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BM 001-3-2 AFI AFI Introduction Slide 11 (of 16)
Reference material
Essential Reading:
Samuel C. Weaver, J. Fred Weston,
Samuel Weaver, J Fred
Weston, Finance & Accounting for Non-
Financial Managers, McGraw-Hill
Edwards Fields, The Essentials of Finance and
accounting for Non- Financial Managers, American
Management Association.
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BM 001-3-2 AFI AFI Introduction Slide 12 (of 16)
How you will be assessed
Incourse Assessment 50%
Test Semester 1 (LO 1 &2) 20%
Individual assignment (LO 1 & 2) 30%
Final Exam 50%
Learning outcome (LO1, 2 & 3)
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BM 001-3-2 AFI AFI Introduction Slide 13 (of 16)
Examination format Duration : 2 hours
6 Questions Answer 4 Questions
Section A : 3 Questions Answer 2 Questions (LO1 & 2)Section B : 3 Questions Answer 2 Questions (LO 3)
Each question carries 25 marks
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BM 001-3-2 AFI AFI Introduction Slide 14 (of 16)
Achievement requirements
Marks Alphabetical
Grades
Grading Point
80 and above A + Distinction
75 - 79 A Distinction
70 - 74 B+ Credit
65 - 69 B Credit
55 64
50 54
40 - 49
0 - 39
C
D
F+
F
Pass
Pass
Marginal fail
Fail
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BM 001-3-2 AFI AFI Introduction Slide 15 (of 16)
Q & A
Question and Answer Session
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BM 001-3-2 AFI AFI Introduction Slide 16 (of 16)
Introduction to double entry and
preparation of Trial balance
What we will cover next