| University | Organisation for Tourism and Hospitality Management (OTHM) |
|---|---|
| Subject | Introduction to Economics and Accounting (D/616/0691) |
Introduction to Economics and Accounting Assignment Brief
| Qualification: | OTHM Level 3 Diploma in Business Studies |
| Title: | Introduction to Economics and Accounting |
| Unit reference number: | D/616/0691 |
| Credit value: | 10 |
| Guided learning hours: | 60 |
| Total Qualification Time: | 100 |
Unit Aims
The aim of this unit is to provide learners with an understanding of the basic principles of economics and accounting in a business environment. Learners will also develop an understanding of the content of basic financial statements and the principles of recording financial transactions.
Learning Outcomes and Assessment Criteria
| Learning Outcome – The learner will: | Assessment Criterion – The learner can: |
| 1 Understand essential aspects of business accounting. | 1.1 Define the term ‘accounting’.
1.2 Explain a range of common accounting terms. 1.3 Describe the different forms of business unit. |
| 2 Understand basic economics as they apply to the business world. | 2.1 Describe the different measures of money.
2.2 Explain why interest rates are important to government and businesses. 2.3 Explain how ‘exchange rates’ can potentially affect businesses. 2.4 Describe the effects of inflation on a business. |
| 3 Be able to apply key concepts in financial accounting. | 3.1 Process simple accounting statements using the double entry system.
3.2 Balance a business account. 3.3 Produce a trial balance. 3.4 Calculate period end adjustments. 3.5 Interpret a financial statement. 3.6 Produce a financial statement. |
struggling with your Introduction to Economics and Accounting Assignment?
Do you also find the introduction to economics and accounting (d/616/0691) assignment really difficult? This is common, as many students struggle to complete it. That is why they choose diploma assignment help. Our experts provide the best accounting assignment writing service according to your university requirements. You can also explore our economics assignment samples to see the quality of our work. So, without delay, hire a uk assignment helper today and get an expert-written solution written exclusively for you.
