Accounting is the financial information system that provides relevant information to those who manage or use economic resources or engage in other economic activity. Principles of Accounts is a
course of study that provides an introduction to the principles and techniques that accountants employ in measuring, processing, evaluating and communicating information about the financial
performance and position of a business. This course in Principles of Accounts helps students to develop an understanding of a range of theoretical and practical techniques used in Accounting. It helps to develop skills that should enable them to participate more effectively and responsibly in today’s business and technology-based environment, to improve the management of personal financial activities, such as, budgeting, savings and investment. In addition, this course prepares students for post-secondary and professional studies and entry level employment in Accounting.
The syllabus aims to:
- introduce fundamental concepts, practices and purposes of Accounting;
- encourage the development of critical thinking and entrepreneurial skills;
- foster attitudes useful in adapting to a dynamic business environment;
- provide a foundation for further studies in accounting;
- foster an awareness of the place of technology in Accounting; and,
- provide an acceptable level of competence for entry-level employment.