Are you keeping all those receipts, invoices, and vouchers with you? Do you ever feel you were overloaded with all those documents? Do you know that you can organise through accounting process?
This course will equip you with the basic accounting principles and how you can apply all the concepts in the preparation of financial statement. You will learn the process involved in financial accounting and how you can make use of it in real business.
You will learn how to present financial statements that can be used to assist business planning and decision making. You will learn financial analysis techniques.
Am Senior Lecturer at UiTM Pahang Campus Raub.....
233 Students 82 Comments
Course Overview and summary of each module:
Module 1: Introduction to Financial Accounting
We will explore what the financial accounting is about, the use and users of financial statements and various forms of business. You will get exposure to accounting process from identifying, measuring, and communicating economic information to decision making.
Module 2: Introduction to Concepts and Conventions of Accounting
In this module, we will introduce the accounting principles and concepts which will help you to distinguish between accounting principles, bases and policies and how it relates to the business situation.
Module 3: Accounting Equation and Accounting Classification
Here we cover on the assets, owner's equity, liabilities, revenues and expenses. This module will identify the relationship between profit and the accounting equation.
Module 4: Principles of Double Entry and Trial balance
This section explores the double entry rules for assets, capital, liabilities, revenues, expenses and inventory. You would be able to explain the differences between trade discount and cash discount, carriage inwards and outwards. You will get exposure to the steps to close and balance off all accounts at the end of the period and prepare trial balance at a specific date.
Module 5: Books of Prime Entry
We will explore the types of journals and subsidiary ledgers and also the various source documents. This module will equip you with the basic accounting principles whereby you could determine which source documents you should prepare.
Module 6: Preparation of Financial Statements
Here we will cover the crucial part by incorporating the adjustments: prepayments accrual, bad debts, allowance for doubtful debt, debt recovered and depreciation.
Module 7: Financial Statement Analysis
This module helps you to calculate the simple ratio and give relevant comments for decision-making purposes.
Module 8: Bank Reconciliation Statement
In this last module, you will apply basic accounting principles by preparing the Bank Reconciliation Statement