This course comprises an introduction to the principles of accounting, focusing on understanding all aspects of the accounting cycle. Posting of charges and credits, accrual base accounting through to the preparation of the financial statements such as Income Statement, Balance Sheet, Statement of Cash flows, and Statement of Owners equity give the student a sound base in the accountancy field. The course includes handling depreciation, prepaid, accruals and deferrals. Students will undertake a wide variety of accounting exercises as this course develops.