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Accounting Systems and Accounts Preparation
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5. Source Documents and Books
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• Source Documents (Sale & Purchase Order, Credit & Debit Note, GRN)
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• Books (Sale day book, Purchase day book, Sales Return day book, Purchase Return
day book, Cash book, Petty Cash book)
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6. Double Entry and Ledger Accounting
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• Principles of double entry bookkeeping
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• Journal
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• Nominal Ledger
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• Posting from day book to nominal ledger
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• Sales and Purchase accounts, including personal accounts and Control accounts
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7. Trial balance and Financial statements
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• Trial Balance
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• Income Statement
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• Balance Sheet/Statement of Financial Position
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• Accounts Coding System
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8. Accruals and prepayments
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• Accruals
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• Prepayments
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9. Tangible non-current assets
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• Depreciation
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• Re-valuation of non-current assets
|
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• Non-current asset disposal
|
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• Non-current asset register
|
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10. Intangible non-current assets
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• Accounting treatment of Intangible Assets
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• Research and Development Cost
|
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11. Bad debts and allowances for receivables
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• Sales and Accounting Concepts
|
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• Bad and Doubtful Debts
|
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• Bad Debts Recovered
|
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12. Provisions and Contingencies
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• Categorization of liabilities
|
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• Cash and Credit Purchases
|
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• Provisions
|
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• Contingent liabilities and Assets
|
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13. Accounting for Inventories
|
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• Stock and Work -in-progress
|
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• Accounting for Stocks - closing stock
|
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• Ledger Accounts for stock
|
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• Physical Count
|
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• Statement of Profit or Loss and Statement of Financial Positions from Trial Balance
|
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14. Accounting for Sales Tax
|
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• Principles of Sales Tax
|
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• Bookkeeping Entries for Sales Tax
|
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• Standard Rated, Zero Rated and Exempt Supplies
|
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15. Accounting for Payroll
|
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• Wages and Salaries
|
|
• Wages from the Employee's Viewpoint
|
|
• The Wages Book
|
|
• Accounting for Payroll
|
|
16. Bank Reconciliation’s
|
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• Statement and the Cash Book
|
|
• Outstanding Payments and Receipts
|
|
• Performa Bank Reconciliation
|
|
17. Control accounts
|
|
• ledger Accounts and the Division of the edger Understanding of Control Accounts
|
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• Use of Control Accounts
|
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• Purchase and Sale Day Books
|
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• Control Accounts Reconciliation
|
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• Cash Book
|
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• Petty Cash Book
|
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18. Correction of Errors
|
|
• Types of Errors
|
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• Suspense Accounts
|
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• Correcting Entries
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