This assignment brief is for students pursuing Higher National Certificate/Diploma in Business. It covers essential financial accounting principles and techniques for recording and preparing basic final accounts. The purpose of the assignment is to prepare a report on regulations, rules, principles, and conventions relating to accountancy. The scenario involves preparing a report as evidence that the firm is aware of regulations relating to accountancy. The learning outcomes include recording business transactions, preparing final accounts, performing bank reconciliations, and reconciling control accounts. The recommended resources include Accounting and Finance for Non-Accounting Specialists, Accounting for Non-Accounting Students, Accounting Theory and Practice, Financial Accounting for Dummies, Accounting: An introduction, and journals like Journal of Accounting, Auditing and Finance, Journal of Business Finance and Accounting, and International Journal of Managerial and Financial Accounting.
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