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TOPIC 14: ACCOUNTING
Topic 13 introduces you to overview on business organization by looking at the principles of accounting and the analysis.
Accounting is important as it keeps a systematic record of the organization's financial information. Up-to-date records help users compare current financial information to historical data. With full, consistent, and accurate records, it enables users to assess the performance of a company over a period of time.
Upon completion of this topic, students should be able to:
1. Explain how accounting works;
2. Explain 4 types of accounting;
3. Provide at least 5 reasons why accounting is important.
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Dear students, please download the Self-Instructional Material for Topic 14 below. You are advised to spend at least 3 hours to study this material. Once you have studied this material, you may proceed to answer the Quiz for Topic 14.
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Dear students, once you have completed studying your Self-Instructional Material for Topic 1, please answer the self-check question posted here.