Accounting and Finance Terminology


This module is a foundation module in Accounting and Finance and should probably be the first module any learner takes in the Accounting and Finance area, it sets the scene in terms of terminology for all other related modules and is essential for anyone becoming involved in financial matters. The module introduces terminology such as capital and recurrent finance, income and expenditure, assets and liabilities, working capital cycle, explains the difference between financial accounting and management accounting and more.