The aims of this module are twofold:
•To build on the book-keeping techniques used in ACF103 and apply them using computerised financial accounting software.
•To extend the planning and decision-making methods covered in ACF108 and apply them in constructing budgetary financial models using spreadsheets.
Students completing the module successfully should:
A.Demonstrate understanding of how to account for all the typical transactions of a small business including transactions involving PAYE, NI and VAT
B.Process all types of standard business transactions and adjustments through commonly-used financial accounting software (Sage 50 Accounts)
C.Produce reliable information from Sage using standard reports and design suitable non-standard reports
D.Design, build and test spreadsheet models, suitable for use by third parties, that aid planning and decision-making
E.Make a formal presentation of a financial model to a specified audience
The module will be delivered by an initial introductory lecture followed by a series of two-hour workshops. Each workshop will incorporate demonstrations of the information technology and also include opportunities for students to practice the techniques through various examples. The classroom contact will be backed-up by directed reading, learning material and links on VITAL, and consultation hours.