CCP Paper No. 5 Principles Of Accounting

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About Course

UNIT DESCRIPTION

Principles Of Accounting is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to prepare and interpret the financial statements of different non-complex entities.

LEARNING OUTCOMES

A candidate who passes this paper should be able to:
• Prepare books of original entry and basic ledger accounts under the double entry system
• Prepare basic financial statements of sole traders, partnerships, companies, manufacturing entities and not for profit organizations
• Comply with the regulatory framework in the accounting field
• Analyse financial statements by use of ratios and statement of cash flows.
• Detect and correct accounting errors in financial records

Course Content

1. Introduction to Accounting

  • Nature and Purpose of Accounting
    00:00
  • Regulatory Framework of Accounting
    00:00
  • Money Measuring Concept in Accounting.
    00:00

2. Accounting procedures and techniques

3. Computerised accounting

4. Preparation of financial statements and year-end adjustments

5. Confirming and correcting mechanism

6. Errors and correction of errors

7. Sole traders accounts

8. Partnership accounts

9. Introduction to simple company accounts

10. Manufacturing accounts

11. Financial statements of a not-for-profit organisation

12. Incomplete records and single entry book keeping

13. Analysis of financial statements

14. Public sector accounting

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