- Conceptual and Regulatory Framework
Examine the various user groups
which need accounting information. Study the differences between
financial and management accounting systems, capital and revenue,
cash and profit, income and expenditure, assets and liabilities,
and tangible and intangible assets. Consider the different methods
of asset valuation.
Consider the purpose of accounting
records. Prepare sales and purchases accounts, nominal ledger
accounts, trial balances, trading accounts, accounts for indirect
taxes, and accounts for payroll. Prepare accounts using accruals
and prepayments, and prepare accounts for bad debts as well as
allowances for receivables. Study the different methods of
depreciation, accounts for impairment values, and non-current asset
- Control of Accounting Systems
Prepare cash and bank accounts,
petty cash statements, accounts for inventories, and journal
entries. Consider the need for financial accounting codes and
financial controls. Examine audit checks and audit trials. Study
methods of fraud prevention. Prepare control accounts and bank
reconciliation statements. Learn the methods of valuing assets.
Consider external and internal audit, and fair presentation.
- Preparation of Accounts for Single
Prepare income and expenditure
accounts, accounts for incomplete records, manufacturing accounts,
and cash-flow statements. Examine profitability ratios, liquidity
ratios, efficiency ratios, and capital structure ratios.