Foundation Accounting and Economics

Aims

his module provides an introduction to the fundamentals of accounting and economics. Learners will gain an understanding of financial reports through their preparation, based on the double-entry bookkeeping system which is essential for the management of any organisation. The unit will also develop learners’ understanding of how economic issues affect choices about resources and markets and how consumers, producers and governments interact in markets nationally and internationally.

Learning Outcomes

1. Understand the essentials of accounting and economics.

2. Understand the nature of markets and how they operate.

3. Understand different factors within the realm of accounting and economics.

4. Demonstrate the ability to apply key accounting concepts.