Part-time Level 3 Diploma in Accounting and Finance
Unit 1: Introduction to Accounting
• Define accounting and its importance in business
• Identify the main financial statements (income statement, balance sheet, cash flow statement)
• Explain the purpose of accounting and its relevance to decision-making
Unit 2: Financial Accounting
• Define financial accounting and its principles
• Explain the accounting cycle and its steps
• Describe the preparation of financial statements
• Discuss the accounting standards used in South Africa
Unit 3: Financial Management
• Define financial management and its objectives
• Explain the role of financial management in an organization
• Describe the different financial management ratios
• Discuss the use of financial analysis tools for decision-making
Unit 4: Accounting for Limited Companies
• Define limited companies and their characteristics
• Explain the registration process for a limited company
• Describe the financial statements for a limited company
• Discuss the accounting policies used in a limited company
Unit 5: Accounting for Partnerships
• Define partnerships and their characteristics
• Explain the partnership agreement and its importance
• Describe the financial statements for a partnership
• Discuss the accounting policies used in a partnership
Unit 6: Accounting for Companies in Financial Distress
• Define financial distress and its causes
• Explain the accounting treatment of financial distress
• Describe the role of financial analysts in identifying and assessing financial distress
• Discuss the consequences of financial distress for a company
The assessment is done via submission of assignment. There are no written exams.