Course Description & Objectives:
- Purpose of accounting.
- Concepts and conventions,
- users of accounting information,
- The respective roles of financial and management accounting.
- Books of prime entry: double entry book keeping the cash book and book reconciliation: trial balance: central accounts for sales and purchases ledgers. Accounting statements from incomplete information.
- The profit and less account, balance sheet and cash flow statement of commercial organizations.
- Treatment of accruals and prepayments and other adjustments, including doubtful debts and depreciation accounting. Stock valuation, Treatment of intangible assets.
- Types of shares and debentures.
- Other fixed interest stocks, capital and revenue reserves, and the appropriation of profits and losses.
OGS 2105.doc