BUS 202. Business Information Systems

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The aim of the course is to enable students to distinguish the different forms of business ownership, to appreciate the impact of different forms of business ownership on financial reporting and the resulting capital structure and to understand the impact of statutory regulations and the accounting profession’s requirements on the format and presentation of company accounts.

On completion of this course, students should be able to prepare financial statements for partnerships and companies; make the adjustments required for the application of different accounting concepts; assess the financial wealth of a business from a set of annual reports and identify underlying causes for changes in performance; adjust for businesses adopting different accounting policies; identify how products are to be costed and how financial information is used to aid short-term decision making.

Prerequisite(s): BUS 101