SYLLABUS

[admin]

Nature and Significance of Accounting
Principles of double entry
Cash Book, Bank Transactions and Reconciliation Statements
The Final Accounts of a Sole Trader
Stock Valuation
Control Accounts and Self-balancing Ledgers
Incomplete Records and Single Entry
Manufacturing, Departmental, Branch and Partnership Accounts
Accounts of Not-for-profit Making Organizations
Introduction to Company Accounts and Public Sector Accounting






Topic Details
1. Introduction




2. Principles of Double Entry











3. Cash Book & Bank Reconciliation Meaning, History, functions and importance of Book-keeping and Accounting, career opportunities in Accounting, and various Accounting professional and regulatory bodies.

a. Meaning, purpose, and importance of sources documents, and double entry principle.

b. Meaning, preparation and importance of the following subsidiary books of accounts: cash book, Sales Day Book, Returns outward Book, and Journal proper.

c. Purpose of ledger, and classification of Accounts (i.e. personal and impersonal accounts).

a. Meaning of cash book and its preparation
b. Preparation of two and three column cash
book and imprest Account system.
c. Preparation of trial balance and correction of
errors/suspense Accounts.
d. Bank reconciliation statement (causes of
discrepancy and its treatments)
4. Trading Account (final accounts
of a sole trader)









5. Reserves and provisions






6. Control Accounts and Self
Balancing ledgers.




7. Manufacturing Accounts





8. Single Entry and incomplete
Records a. Identify trading account items and its
terminologies.
b. preparation of trading, profit and loss
accounts; and the balance sheet.
c. adjustments (Provision for bad debts,
provision for discounts on debtors, accruals
an d prepayments)
d. accounting ratios (mark-up margin, gross
profit as percentage of sales, stock turn or
Rate of turnover)

a. provision for doubtful debts, and bad debts.
b. depreciation, reasons and treatments of
various methods.
c. amortisation and depletion of fixed assets.
d. reserves, meaning and types. Accounting
treatment of revenue and capital reserves.

a. meaning and uses of control accounts.
b. preparation f sales or Debtors control n
Account.
c. preparation of purchases or creditors control
Account.

a. Simple manufacturing or production
account, showing various classifications
(prime cost, overhead cost etc).
b. Preparation of final accounts of
manufacturing concern.

a. meaning and nature
b. computation of profit from two balance sheet
and drawing of statement of affairs.
c. preparation of final accounts from a set of
incomplete records.
9. Accounts of non-profit making
Organizations




10. Partnership Accounts








11. Company Accounts











12. Departmental and Branch
Accounts




13. Hire Purchase Accounts



14. Consignment Accounts





15. Joint Venture Accounts



16. Public Sector Accounting



17. Introduction To Data Processing a. receipts and payments accounts.
b. income and expenditure accounts
c. treatment of subscriptions, accumulated
fund, payments in advance and arrears.
d. preparation of balance sheet.

a. introduction (meaning and terminologies).
b. treatment of partners capital and current
accounts.
c. admission of new partner, goodwill accounts,
and dissolution of partnership. Questions will
not be asked on piecemeal dissolution.
d. profit and loss appropriation account and
balance sheet.

a. Meaning and purpose of Company Accounts.
b. Various forms of capital (i.e Nominal,
authorized, issued, called-up etc).
c. Issue and redemption of shares, at par,
premium and discount.
d. Acquisition of existing business
e. Conversion of Partnership into a limited.
Company (simple treatments only).
f. Interpretation of accounts using simple ratios
g. Preparation of final accounts of company
(Internal use only)

a. preparation of departmental and total profits
b. inter-branch transactions (within the
country).
c. relationship between head office and
branches Accounts.

a. meaning and purpose of hire purchase
b. making entries in the books of the hirer and
seller

a. meaning and terminologies
b. accounting treatments in the books of the
consignor.
c. consignee’s account preparation
d. account sales.

a. meaning and purpose
b. joint venture accounts
c. memorandum account

a. sources of public revenue
b. capital and recurrent expenditure
c. simple government accounting procedures

a. Historical Developments of Computer
b. Basic Elements. Components. Classifications
and functions of a computer.
c. Basic terminologies of a computer
d. Computer application in an Accounting
environment.