Foundations of Business Accounting (BS1512) - Cardiff University

The BS1512: Foundations of Business Accounting module at Cardiff University introduces essential financial and management accounting skills. Students will gain a solid understanding of double-entry book-keeping, enabling them to prepare income statements and statements of financial position for sole traders, correct errors, and create control accounts and bank reconciliation statements. The module emphasises the importance of control in accounting systems and explores the role of management accounting in small business organisations, including cost classification, product costing, budgeting, short-term decision-making, and variance analysis. By the end of the course, students will be equipped with the technical expertise to support planning, control, and decision-making processes in simple business contexts.