| SUBJECT CODE |
: DES2102 |
| SUBJECT NAME |
: BASIC ACCOUNTING |
| SEMESTER |
: 4 |
| CREDIT HOURS |
: 4 |
| SCHOOL |
: School of Secretarial Studies |
| COURSE |
: Diploma / Diploma in Executive Secretaryship |
OBJECTIVES
To
examine the candidate's exposure and understanding of the principles
and concept of financial accounting and their application to business
organisation and situations.
LEARNING OUTCOME
Upon completion of this unit, students will be able to:
- Understand the importance of accounts in a business environment
- Interpret statements of accounts
- Apply basic knowledge of accounts to daily tasks.
SYNOPSIS
Unit 1 - The Nature of Accounting and Accounting Theory
- Cost
and value concepts; measurement of income; distinction between capital
and revenue; capital maintenance and asset valuation alternatives; the
goodwill concept; stock valuation; effect of changing price level.
|
Unit 2 - Basic Accounting Practice
- Principles
and convention of accounting; the principle of double entry and books
of prime entry, ledger and control accounts, trial balances and
adjustments including accruals and prepayments; treatment of provisions
and reserves; bank reconciliation and use of suspense account;
correction of errors.
|
Unit 3 - Preparation of Basic Statements
- Preparation of non-published income statement and balance sheets of manufacturing, trading and non-profit organisations.
|
Semester & Subjects
Calendar & Timetable
Video Seminars
