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The course is designed to provide students with the ability to understand basic concepts of accounting and posting of accounting transactions from primary books to ledgers. Students will also be taught on Preparation and presentation of financial statements and bank reconciliation statements.
This Course covers the following units:
Definition of accounting, types of accounting information, users of accounting information, the basic accounting concepts/conventions, accounting equations, double entry system, journals and ledgers, trial balance, correction of errors and suspense accounts, cashbook(Double, three columnar and petty cash book), end of year adjustments including depreciation and disposal of non current assets, preparation of financial statements, bank reconciliation statements, accounting for nonprofit making organizations (receipts and payments A/C, income and expenditure A/C and balance sheet)
At the end of this course, students will be able to achieve the following objectives:
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