BTB110 - Accounting for the Business Environment

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Last revision date Sep 24, 2018 12:36:58 AM
Last review date Dec 3, 2018 12:17:42 AM

Subject Title
Accounting for the Business Environment

Subject Description
This course introduces students to the principles of business accounting and financial management. Students learn the theory and calculations supporting profit and loss statements, interest payments and present value, and have the opportunity to apply concepts learned in a series of business-based assignments. Students will also study the application of the learned financial concepts in real-world ICT projects.

Credit Status
1 Credit for BSD Applied Degree Students

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  • Explain the rationale for double-entry bookkeeping and its relationship to the main financial statements.
  • Record business transactions with the help of journal entries and posting to ledger accounts.
  • Prepare trial balances and financial statements (Income Statement, Balance Sheet and Statement of Owner’s Equity).
  • Evaluate the financial performance of a firm using financial ratios, trends and common size percentages.
  • Learn how to make basic business decisions using relevant cost - volume - profit analysis.
  • Assess the optimal alternatives of short-term financing and the impact of risk on these decisions.
  • Study the change in value of money across time (PV, FV, nominal and effective interest rates, Annuities, Perpetuities, Mortgages).
  • Determine the value of financial assets like bonds, common stock and preferred stock using TVM techniques and evaluate their use in the financing of the firm.
  • Study the methods of determining the cost of capital given different capital structures.
  • Evaluate the most optimal capital budgeting decision using TVM techniques.
  • Apply financial concepts from financial accounting, managerial accounting and financial management during feasibility analyses of ICT projects.

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Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.