What you will learn

The “Accounting Errors” micro credential module is a crucial component within the Diploma In Accountancy (AC110) programme, specifically in Financial Accounting 1 (FAR110) course. This self-paced module incorporates pre-recorded videos, and engaging activities. Understanding how to make correction of errors is important among accounting students to ensure they are able to prepare good financial statements and make them reliable to users.

Do's and Don'ts in learning "Accounting Errors" topic:

Do's
1. Take responsibility
2. Ask questions respectfully

Don'ts
1. Blame others or tools
2. Copy without learning

Learning requirements for this topic:

Students must already understand:
- The accounting equation (Assets = Liabilities + Equity)
- Double-entry system (every debit has a corresponding credit)
- Journal entries, ledger posting, and trial balance
- Types of accounts (real, personal, nominal)
- Basic financial statements
Without this foundation, understanding errors becomes confusing.

Disclaimer:

This material is intended solely for educational purposes. The examples and scenarios provided are simplified for learning and may not reflect complex real-world accounting practices.

What skills you will gain

Problem solving skills The students will learn how to detect, classify, and correct errors and therefore improves the ability to solve problems methodically. Helps in applying appropriate corrections using journal eskill.

Total contents and assessments

Not applicable

Module Details

CLUSTER : Business & Management ( SP )
MODE/DURATION : Flexible
LENGTH : 7 days
EFFORT : 4
LEVEL : Beginner
LANGUAGE : English
CERTIFICATE : Yes
CPD POINT : 0
PRICE : Free

Associated Course (s) :
No Course