Week 10 Discussion Topic

Introduction
PRBA001 Accounting Principles
The course introduces the basic concepts and principles of accounting with special emphasis given to the use and interpretations of financial accounting information. It also familiarises students with the basic techniques used in the preparation of financial statements On completion of the unit students should:  be able to read, understand, interpret and discuss the commonly available financial statements produced by businesses.  have gained an appreciation of the limitations and uses of the commonly available financial statements  be able to appraise the performance of a company using ratio analysis The set text is Horngren, Harrison, Oliver, Best, Fraser, Tan & Willett, Financial th Accounting, 7 ed, Prentice Hall, Frenchs Forest. ISBN 9781442551930(pbk). The Study Guide should be used with the set text. Read the Study Guide’s introduction and first objective from Week 1 and then read about the topic in the set text. It is likely that an activity will listed which you should complete without making any reference to the answer-guide. If you have any difficulty, with the activity refer back to the Study Guide and set text. Once you have completed the activity, or done as much as you feel that you can do, after a genuine attempt at it, compare your answer with the answer-guide. Highlight any differences and make sure that you understand the reasons for those differences. Once you have done that, move on and repeat the process with the next objective. At the end of each week’s topic there will be tutorial exercises which you should attempt. Again, attempt the questions without reference to the answer-guide, if you have any difficulty refer to the set text or Study Guide. When you have finished, compare your answer with the answer-guide and highlight any differences. It is essential that you have a good attempt at the activities and the tutorial exercises as this will be part of your learning process. The weekly