Financial accounting 122 : Budgeting, payroll accounting, taxation ? income tax and an introduction to other types of taxes, credit and the new Credit Act, insurance, accounting for inventories (focus on inventory and the accounting entries, not calculations), interpretation of financial statements.

This module is of critical importance to understand. It requires many hours devoted to it to ensure passing and understanding. It is not difficult, as long as you devote time and practice to it.

It is assessed through homework assignments, online tests throughout the semester (ICTS) as well as the semester tests which are assessed online.

Going through the questions book as well as past papers are essential as ‘practice makes perfect’. You will need to know your theory but more attention must be put onto the application of knowledge.