| Course Content Description: |
A1ACF
The focus of this unit is on double entry accounting for small business including:
- Financial institutions and sources of finance
- Financial systems and fundamental principles – business ownership
- Recording, using and evaluating financial information – GST, journals, ledgers
- The role and influence of government and other bodies on small business.
A2ACF
The focus for this unit is accrual accounting:
- The nature of risks to small business
- Financial reports – depreciation, inventories
- Processing financial information – general journals, income statements
- The role of professional accounting and financial associations.
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