Description
Major topics for Financial accounting 1804-301
- Introduction to Accounting- Purpose of accounting, basic principles; concepts and
conversions underlying accounting reports, accounting equation, accounting
terminology, users of financial statements and their information needs - Double entry book:- keeping and books of original entry
- Distinction between and treatment of capital revenue and expenditure in accounts
- Types of ledgers and their uses
- Petty cash book:- Analysis petty cash book; imprest system
- Reconciliation of bank and cash balances
- Types of errors and their correction
- Control ledger accounts
- Provisions:-
- Preparation of final accounts:- Preparation of the trading, profits and loss accounts;
balance Sheet
