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Understand the reasons for keeping accounts.
Describe the reasons for keeping accounts.
Be able to apply the principles of double entry book-keeping.
Apply the principles of double entry book-keeping.
Be able to use a trial balance to make adjustments to a profit and loss account and balance sheet.
Construct a simple trial balance.
Prepare a profit and loss account.
Prepare a balance sheet.
Adjust for depreciation, bad and doubtful debts.
Understand how organisations manage cash balances.
Describe the importance of working capital.
Describe sources of finance.
Explain the cash operating cycle.
Be able to use financial statements to assess company performance.
Use simple accounting ratios to assess company performance.