Accounting Fundamentals

10 topics

1. Understanding of Four Frameworks of Accounting (Conceptual, Legal, Institutional and Regulatory) and Forms of Organisation
2. Accounting Principles, Concepts and Conventions
3. Capital and Revenue Transactions - Capital and Revenue Expenditures, Capital and Revenue Receipts
4. Accounting Cycle – Charts of Accounts and Codification Structure, Analysis of Transaction – Accounting Equation, Double Entry System, Books of Original Entry, Subsidiary Books and Finalisation of Accounts
5. Journal (Day Books; Journal Proper – Opening, Transfer, Closing, Adjustment and Rectification Entries), Ledger
6. Cash Book, Bank Book, Petty Cash Book, Bank Reconciliation Statement
7. Trial Balance
8. Adjustment Entries and Rectification of Errors
9. Depreciation (Straight Line and Diminishing Balance Methods only)
10. Accounting Treatment of Bad Debts and Provision for Doubtful Debts