Fundamental concept of Financial and Managerial Accounting are continued from ACCT 111. Emphasis is still placed on understanding the accounting cycle and integration of relevant topics to this broad view of an accountant.
Students are also introduced to accounting for other forms of business organizations such as partnerships and joint ventures. Financial planning and control is also introduced by discussing topics such as cash flow statements. Topics covered are based on the provisions of the International Financial Reporting Standards.
- Teacher: Ivonne Ndlovu