This course forms the first half of a two-semester course in Financial Accounting required for all CAPE Accounting major students. The course exposes students to and focuses on the nature, scope, and fundamentals of Financial Accounting, which provides financial information primarily for decision-makers outside the business entity. This financial information is provided to external decision-makers by means of general-purpose statements of operation (income statement), financial position (balance sheet), and cash flow (cash flow statement). The course also concentrates on the application of accounting theory, standards, principles, and procedures to accounting problems as well as financial reporting, preparation, and interpretation of financial statements for sole proprietorships, partnerships, corporations, and small and medium-sized entities (SME). Furthermore, the course will cover topics such as the Accounting framework, control systems, the role of accounting as an Information System, Technology and Financial Accounting, and forms of business organization.

The course introduces the student to the history and purposes of taxes within a modern economy. Taxation will concentrate on the Belizean tax system and trace the history of taxes in Belize. In addition, the course will examine the impact of taxation in the Belizean environment. Students will also be exposed to consumption tax and the administration and operation of taxes in Belize.

The course introduces the student to the history and purposes of taxes within a modern economy. Taxation will concentrate on the Belizean tax system and trace the history of taxes in Belize. In addition, the course will examine the impact of taxation in the Belizean environment. Students will also be exposed to consumption tax and the administration and operation of taxes in Belize.

The course is a one semester course in international financial accounting and reporting that is required for tourism students.  This course concentrates on basic bookkeeping including invoicing, receipts and payments, recording income and expenditure, the preparation of ledger accounts and the preparation of an initial trial balance. It provides the basic techniques required to enable students to prepare financial statements for various enterprises at a later stage. This accounting course exposes business students to follow International Accounting Standards (IASs) and International Financial Reporting Standards (IFRSs) in the preparation of final accounts of a sole trader, partnership, and corporation.