Accounting

Overview, Content & Syllabus

I – Financial Accounting

• Accounting Principle GAAP

• Preparation of Journals, Ledgers & Trial Balance

• Rectification of errors Bank Reconciliation Statement (BRS)

• Depreciation, Provisions & Reserves

• Finalisation of Accounts of proprietorship, partnership and joint stock companies

II – Project

• Source Documents Vouchers

• Writing books of accounts - Cash Book, General Ledger - GL, Accounts Receivable - A/R, Accounts Payable A/P, and Journal Proper

• Registers – Purchase, Sales, Return Inwards & Return Outwards

• Inventory Management - Stock Records, Stock Valuation

• Internal Check & Audit

• Year Ending process & Next year beginning process

• Preparation of Financial statements