1. Describe bookkeeping and accounting. Identify Users of the financial statements and describe basic accounting concepts.
2. Discuss elements of financial statements, capital and revenue concept, rules of debit and credit.
3. Record financial information in books of prime entry, and books of secondary entry. Understand the concept and purpose of different supporting documents and business process.
1. Compute and account for adjustments for bad and doubtful receivables.
2. Prepare adjustments for accrual and prepayment.
3. Analyze the impact of errors on the financial statements within a reporting period.
4. Prepare bank reconciliation statements and make corrections in the books of accounts.
5. Prepare trial balance after incorporating rectifications and adjustments.
1. Distribute profits of a partnership business.
2. Prepare statement of profit or loss.
3. Prepare statement of financial position.
1. Apply the principles and concepts of measurement of inventories and its recognition as expense.
2. Apply the principles and concepts of measurement, recognition and presentation of property plant and equipment and depreciation charges.
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Build a solid foundation in the world of accounting. This introductory course covers the basic principles of bookkeeping, the accounting equation, and the preparation of initial financial records, providing the essential tools needed for professional accounting studies.