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About the course

The overall aim of this course is to enable students develop an understanding of the fundamentals of financial accounting relating to bookkeeping and preparation of financial statements.

Learning Outcomes

On completion of this course, the learner should be able to:

  • Explain the role of accounting and accountants.

  • Describe the financial reporting framework.

  • Explain the qualitative characteristics of financial information.

  • Explain the different forms of business organisations.

  • Record transactions in the books of prime-entry and ledgers using double entry bookkeeping.

  • Prepare a trail balance and correct errors in accounting records.

  • Prepare financial statements for business organisations, manufacturing concerns, non-profit making organisations, and partnerships.

  • Reconcile financial transactions.

  • Prepare accounts and financial statements from incomplete records.

  • Understand and apply the general features of financial statements.

  • Apply international financial reporting standards.

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