Week 3-4 Business Entity,Book Keeping, Basic Financial Statements
- Business Entity, Duality, Monetary measurement, Substance Over Form, Realizatio
- Book Keeping: The Accounting Cycle, Double Entry Book-Keeping and Books of Original Entry
- The Ledgers, Cash Book and the Trial Balance
- Basic Financial Statements: Structure of Financial Statements for a Sole Trader
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Course Material
- Course Outline
- Week 1-2 Introduction to Accounting, Users of Accounting Information and Their Respective,Accounting Principles
- Week 3-4 Business Entity,Book Keeping, Basic Financial Statements
- Week 5-6 Statement of Financial Position, Adjustments to Financial Statements, Income and Expenses
- Week 7-8 The Cash Book, Purpose of Bank Reconciliation, Bank Reconciliation Process
- Week-9 Mid Term Exam
- Week 10-11 Bank Overdrafts, Dishonoured Cheque, Causes of Differences Between Cash and Bank Balances, Control Accounts
- Week 12-13 Classification of Long-Term Assets, Revaluation Methods, Presentation and Disclosure of PPE in the Financial Statements
- Week 14-15 Accounting Errors, Accounting for Partnerships: Introduction to Partnerships
- Week 16 Partnership Agreements, Appropriation of Profit, Personal accounts, Partners Loan Accounts
- Week-17 Final Term Exam
- Chapters 11
- Department CS & IT
- Teacher
Ms. Rizwana Yaseen
