About Course
This course on Principles of Accounting introduces fundamental concepts and practices essential for understanding financial statements and the accounting cycle. You will gain skills in preparing, analyzing, and interpreting financial information for informed decision-making in various contexts.
Course Content
TOPIC ONE: Introduction to Accounting
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Definition and role of Accounting
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Types of Accounting
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Types of Business Entities
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Users of Financial Statements and Their Needs
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Accounting Concepts, Bases, Standards, Policies & GAAP
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The Qualitative Characteristics of Financial Statements
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Accountants and Their Role, and the Code of Ethics for Accountants
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Definition of International Financial Reporting Standards (IFRS) and Their Purpose
TOPIC TWO: The Accounting equation and the double entry accounting system.
TOPIC THREE: Books of Accounts
TOPIC FOUR: Adjustments to the Trial balance
TOPIC FIVE: Preparation of financial statements
TOPIC SIX: Manufacturing Accounts
TOPIC SEVEN: Accounts for non-profit making organization
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