Business Accounting: The Expenditure Cycle

Overview/Description
To provide students with an overview of the expenditure cycle and the role of accounting within it

Target Audience
Managers, prospective managers, and any other employees seeking competency in the area of accounting

Prerequisites
A basic understanding of the accounting function

Expected Duration
4:00 Hours

Objectives:

Business Accounting: The Expenditure Cycle

  • To explain business activities, define cycles, and discuss the expenditure, revenue, and conversion cycles
  • To explain the relationship between inventory and expenditure and to discuss the role of accounting in the acquisition of inventory
  • To explain cost flow and describe how it is reported in the accounting cycle


    • Course Number: KAB25SE