About this course
Accounting serves as the language of business, facilitating the understanding of financial transactions and aiding decision-making. It encompasses various forms of business organizations, ranging from sole proprietorships to corporations, each with distinct accounting requirements.
This course is designed to provide participants with a comprehensive understanding of basic accounting and finance principles essential for navigating the business world.
Learning Objectives
At the end of this course, candidates should:
- Understand the objectives and scope of the finance function.
- Explain the basic elements of cost, costing methods, and costing techniques.
- Discuss the basic accounting concepts and procedures for preparing accounting records up to the trial balance.
- Understand the different forms of business organizations.
Comments (0)
Introduction to Basic Accounting and Finance
8 Parts
Introduction
-
Financial accounting
-
Forms of business organizations
-
Forms of business organizations partnership
-
Forms of business organizations partnership cont'd
-
Advantages of partnership
-
Corporation
-
Cooperative societies
-
Accounting Concepts, Double Entry up to Trial Balance
11 Parts
Accounting concepts
-
Accounting concepts cont'd
-
Accounting conventions
-
Accounting process
-
Accounting equation
-
classification of accounts
-
Meaning and format of journal
-
Opening journal entry
-
Ledgers
-
Trial balance
-
Methods of preparation of trial balance
-
Preparation of Financial Statements and their Use
5 Parts
Financial statements
-
Financial statements cont'd
-
Statement of comprehensive income
-
Statement of changes in equity
-
Interrelationship of financial statements
-
Financial Statements Analysis and Limitations
12 Parts
Financial statement analysis and it’s limitations
-
Summary of financial accounting
-
Cost accounting and finance
-
Cost accounting vs financial accounting
-
Costing methods and costing techniques (i)
-
Costing methods and costing techniques (ii)
-
Costing methods and costing techniques (iii)
-
Practical difficulties in installing costing system
-
Concept of cost
-
Classification of costs
-
Components of total cost
-
Format of cost estimation
-
Budgeting and Budgetary Control
8 Parts
Budgeting and budgetary control
-
Budgeting and budgetary control cont'd
-
Advantages of budgetary control
-
Limitations of budgetary control
-
Requirements of a sound budgetary system
-
Fixed budget
-
Budget formats
-
Performance budgeting
-
Objectives and Scope of Finance Function
3 Parts
Objectives and scope of finance function
-
Why a business needs the finance function
-
Conclusion
-
Final Exam
1 Parts
Final Examination
50 Questions
Min
Passed grade: 70/100
Attempts: 0/3
0
0 Reviews
