Accounting Fundamentals

10 topics

1. Four Frameworks of Accounting (Conceptual, Legal, Institutional and Regulatory)
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 and Journal Proper - Opening Entries, Transfer Entries, Closing Entries, Adjustment entries, Rectification entries), Ledger
6. Cash Book, Bank Book, Bank Reconciliation Statement
7. Trial Balance (Preparation and Scrutiny)
8. Adjustments and Rectifications: Depreciation and Amortisation
9. Adjustments and Rectifications: Adjustment Entries and Rectification of Errors
10. Adjustments and Rectifications: Accounting Treatment of Bad Debts and Provision for Doubtful Debts, Provision for Discount on Debtors and Provision for Discount on Creditors