Areas Of Study:

1. The Fundamentals of Accounting
   • 1.1 The Purpose of Accounting
   • 1.2 The Accounting Equation
2. Sources and Recording of Data
   • 2.1 The Double Entry System of Book-keeping
   • 2.2 Business Documents
   • 2.3 Books of Prime Entry
3. Verification of Accounting Records
   • 3.1 The Trial Balance
   • 3.2 Correction of Errors
   • 3.3 Bank Reconciliation
4. Accounting Procedures
   • 4.1 Capital and Revenue Expenditure and Receipts
   • 4.2 Accounting for Depreciation and Disposal of Non-current Assets
   • 4.3 Other Payables and Receivables
   • 4.4 Irrecoverable Debts and Provision for Doubtful Debts
   • 4.5 Valuation of Inventory
5. Preparation of Financial Statements
   • 5.1 Sole Traders
   • 5.2 Partnerships
   • 5.3 Limited Companies
   • 5.4 Clubs and Societies
   • 5.5 Manufacturing Accounts
   • 5.6 Incomplete Records
6. Analysis and Interpretation
   • 6.1 Calculation and Understanding of Accounting Ratios
   • 6.2 Interpretation of Accounting Ratios
   • 6.3 Inter-firm Comparison
   • 6.4 Interested Parties
   • 6.5 Limitations of Accounting Statements
7. Accounting Principles and Policies
   • 7.1 Accounting Principles
   • 7.2 Accounting Policies