Accounting Level 3

At level 3 students will further develop a knowledge of financial accounting principles, processes and systems. Skills learnt at Levels 1 and 2 will be further developed to enable students to apply their knowledge, understandings to partnerships, companies and manufacturing entities. Students will be exposed to aspects of management accounting.

General
This course aims to:
•Develop student’s understanding of the role in society as a financial language for partnerships, companies and manufacturing concerns.
•Provide students with knowledge of the principles, processes and systems of Accounting.
•Enable students to apply financial knowledge and skills to practical situations

This level of study is organised into four major themes. Entities at this level are limited to service and retail undertakings and incorporated societies.
Theme 1The Conceptual basis of Accounting
You will develop an understanding of the foundations of Accounting, the principles on which it is based and how they are applied in a range of situations.
Theme 2Processing
You will learn how to record and process the impact of financial transactions for particular entities
Theme 3Accounting Reports
You will learn how to present and report financial information to interested parties for particular entities.
Theme 4Decision Making
You will learn how to analyse, interpret and evaluate financial and non-financial information to make informed decisions.