Intended Learning Outcomes (ILOs):

A. Knowledge and Understanding

A1.   Concepts and theories:

1. Demonstrate a critical understanding of key principles, theories and concepts of accounting & finance.
2. Consolidate knowledge and thinking from comprehensive range of business courses.

A2.  Contemporary trends, problems and research:

1. Demonstrate an appreciation of contemporary trends (e.g. corporate governance), current developments (e.g. new International Financial Reporting Standards) as well as hot topics of research in the field of accounting and finance.
2. Understand the basic concepts of research and their application in accounting practice in the advancement of existing accounting knowledge.

A3. Professional responsibility:

Understand how various accounting standards inform accounting practice; keep informed of best practices and standards related to the field of accountancy.

B. Subject-specific skills

B1. Problem solving:

Apply accounting formulae to compute data related to, for example, ratio analysis,

depreciation and valuation of inventory

B2. Application of methods and tools:

Utilize software-based  accounting systems and control to record the financial transactions and   prepare financial statements

Utilize research-based software (SPSS) in the context of accounting research

C. Critical-Thinking Skills

C.1. Analytical skills:

Use information from analysis of financial statements for evidence-based decision-making:

1. a) Analyze information presented in financial statements.
2. b) Analyze the impact of different accounting bases/standards on profitability and solvency of businesses.

Make evidenced-based decisions stemming from analysis of financial statement in a range of  scenarios including but not limited to investment, financing and business expansion.

C.2. Synthetic:

Apply appropriate accounting and financial principles in conjunction with professional judgment to generate conclusions in a range of relevant contexts.

C.3. Creative:

Make accounting inferences, where data is incomplete or contradictory, without violating Generally Accepted Accounting Principles.

D. General and Transferable Skills (other skills relevant to employability and personal development)

D.1.  Communication:

Communicate effectively with peers, instructors and professional colleagues by means of oral, electronic and written means.

D.2.  Teamwork and leadership skills:

Demonstrate effective teamwork and leadership skills within the framework of class-group projects and presentations.

D.3.  Organizational and developmental skills:

Organize work agenda effectively, develop strategic thinking and lifelong learning skills needed to support professional development.

D.4. Ethics and social responsibility:

Assimilate a personalized world-view of the role of ethics in the profession of accounting informed by ethical codes of conduct for accounting professionals. Gain an appreciation of the role of social responsibility in the decision-making of corportations as informed by accounting judgments.