Financial Accounting

Quantitative Techniques
April 25, 2018
April 25, 2018

Financial Accounting

Summary of Course

The aim of the course is to introduce you to basic principles of accounting and to understand how financial documents are posted into accounting record in order to determine the profit or loss of an organisation

Available Topics

  • Principles of Accounting Concepts and Conventions
  • The Accounting Equation and its Components
  • Books of Prime Entry
  • One Column Cash Book
  • Two Column Cash Book
  • The Petty Cash Book
  • Double Entry System of Accounting
  • The Ledger
  • Correction of Errors
  • Suspense Account
  • The Balancing of Accounts and the trial Balance
  • Bank Reconciliation Statements
  • The accounting equation and its components
  • Basic documentation and prime books
  • Prime books, general journals and the ledgers
  • Inventory valuation
  • Final accounts of a sole trader 1: Statement of profit or loss
  • Final accounts of a sole trader 1: Statement of Financial position
  • End of year adjustments in final accounts
  • Bank reconciliations Statement
  • Accounting for the purchase and sales of assets
  • Accruals and prepayments
  • Bad debts and allowances for bad debt
  • Control Account
  • Current assets and current liabilities
  • Depreciation 1
  • Depreciation 2
  • Long term liabilities and ownership equity
  • Revenue expenditures and capital expenditures
  • Trial balance 1
  • Trial balance 2
  • Trial balance- Special kind of error
  • Source Documents and Subsidiary Books: Sales Day Book
  • Subsidiary Books: Purchases Day Book
  • Subsidiary Books: Returns Inwards and Outwards Day Book
  • Subsidiary Book: Journal
  • Trial Balance 3
  • Types and Correction of Errors
  • Classification of Expenditure between Capital and Revenue
  • Final Accounts of a Sole Trader 1. Statement of Profit or Loss
  • Final Accounts of a Sole Trader 2. Statement of Financial Position
  • End of Year Adjustments in Final Accounts
  • Bank Reconciliations
  • Accounting ratio
  • Single Entry and Incomplete Records
  • Accounts for Non-profit Making Organisation
  • Departmental Account
  • Branch Account
  • Advanced Partnership Account
  • Admission of a new partner
  • Change in profit sharing ratio
  • Death and retirements of a partner
  • Dissolution of partnership
  • Goodwill Account
  • Amalgamation of partnership
  • Revaluation Account
  • Company Accounts
  • Issues of Shares
  • Purchase of Business
  • Interpretation of Accounts using simple ratio
  • Joint Venture Account

Subscribe to Course

Instructor – Joseph Shola (ACA)

Total Videos – 61 videos

Price – #200 per video