Business Accounting

Nelson Mandela University

Course Description

  • Course Name

    Business Accounting

  • Host University

    Nelson Mandela University

  • Location

    Port Elizabeth, South Africa

  • Area of Study

    Accounting, Business, Business Management

  • Language Level

    Taught In English

  • Course Level Recommendations

    Lower

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Host University Units

    12
  • Recommended U.S. Semester Credits
    0
  • Recommended U.S. Quarter Units
    1
  • Overview

    PURPOSE
    The purpose of this module is to develop an understanding of the basic principles and practices and their applications in a business environment.

    LEARNING OUTCOMES
    The student will be able to:
    solve simple and simultaneous algebraic equations;draw and interpret straight-line and two dimensional graphs;calculate and apply simple and compound interest;
    calculate mark-ups, transport trade-offs and do profit and loss calculations;
    calculate annuities;
    determine ratios and proportions;
    prepare cash budgets;
    understand and determine break-even analysis;
    determine EOQ, value of inventory and do ABC analysis (EOQ) = economic order quantity.

    CORE CONTENT
    Equations and simple word problems.
    Simultaneous equations.
    Straight-line and two dimensional graphs.
    Rounding and conversion tables.
    Simple and compound interest.
    Annuities.
    Ratios and proportions.
    Profit and loss calculations.
    Mark-ups.
    Transport trade-offs.
    Inventory.
    ABC analysis.
    EOQ calculation.
    Breakeven analysis.
    Cash budgets.