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    This document outlines the learning objectives for an accounting course. It will review the distinction between bookkeeping and accounting, key terms like assets, liabilities, and capital. Students will learn the accounting equation and accounting cycle. The course will also introduce the double-entry system, how to distinguish account types, and how to record transactions for different accounts using debits, credits, and T-accounts.

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    This document outlines the learning objectives for an accounting course. It will review the distinction between bookkeeping and accounting, key terms like assets, liabilities, and capital. Students will learn the accounting equation and accounting cycle. The course will also introduce the double-entry system, how to distinguish account types, and how to record transactions for different accounts using debits, credits, and T-accounts.

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    2 views1 page

    Business Studies - Learning Objectives - Form Three (Term Two)

    Uploaded by

    Average T3
    This document outlines the learning objectives for an accounting course. It will review the distinction between bookkeeping and accounting, key terms like assets, liabilities, and capital. Students will learn the accounting equation and accounting cycle. The course will also introduce the double-entry system, how to distinguish account types, and how to record transactions for different accounts using debits, credits, and T-accounts.

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    BUSINESS STUDIES

    LEARNING OBJECTIVES
    FORM – 3
    TERM TWO – Principles of Accounts

    Revision of Introduction to Accounting


    • Distinguish between Bookkeeping and Accounting.
    • Explain terms related to Accounting: Assets (Non-current, current), Liabilities (Non-current, current),
    Capital.
    • The Accounting Equation (A=C+L).
    • The Accounting Cycle.
    • Business Transactions.

    Introduction to the Double Entry System


    • Definition (Overview) of the Double Entry System.
    • Outline terms relating to the Double Entry System – Debit, Credit, Ledger, Accounts.
    • Distinguish between Types of Accounts – Personal, Impersonal (Real, Nominal).
    • Demonstrate Double Entry for Assets, Liabilities, Capital, Receivables, Payables, Expenses,
    Income using Ledgers (T-Accounts).

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