Topic 1: Introduction to Accounting
1.1. Definition of terms used in Accounting
1.2. Users of Accounting Information
1.3. Information Needs
1.4. Qualities of Good Accounting Information
1.5. Nature of Accounting Equation
1.6. Effects of Business Transactions
Topic 2: The Ledger and Trial Balance
2.1. Definition of a Ledger and an account
2.2. Importance of a ledger
2.3. Relationship between a ledger and an account
2.4. Classifications of ledgers
2.5. Nature of double entry system
2.6. Definition of a trial balance
2.7. Importance of a trial balance
2.8. Balancing off of accounts
Topic 3: Types of Errors and their correction
3.1. Types of errors that do not affect the agreement of a trial balance
3.2. Types of errors that affect the agreement of a trial balance
3.3. Functions of suspense account
3.4. Corrections of errors using a suspense account
Topic 4: Source Documents
4.1. Meaning of Source Documents
4.2. Types of source documents
4.3. Uses of source documents
4.4. Relationship between source documents and books of account
Topic 5: Books of Original Entry
5.1. Definition of books of original entry
5.2. Classifications of books of original entry
5.3. Preparation of books of original entry
5.4. Posting transactions from the books of original entry to the ledger
Topic 6: The Cashbook
6.1. Definition of a cashbook
6.2. Types of cashbook
6.3. Types of discounts
6.4. Recording transactions in a cashbook
Topic 7: Petty Cashbook
7.1. Definition of petty cashbook
7.2. Imprest system
7.3. Purpose of petty cashbook
7.4. Preparation of petty cashbook
Topic 8: Bank Reconciliation Statements
8.1. Definition of bank reconciliation statements
8.2. Purpose of preparing bank reconciliation statements
8.3. Causes of the differences between bank statements and the cashbook balance
8.4. Steps/Procedures in preparing bank reconciliation statement
Topic 9: Control Accounts
9.1. Definition of control accounts
9.2. Uses of control accounts
9.3. Preparation of control accounts
Topic 10: Accounting Concepts, Conventions and bases
10.1. Definition of accounting concepts, conventions, and bases
10.2. Types of accounting concepts, conventions, and bases
Topic 11: Capital and revenue expenditure
11.1. Definitin of capital and revenue expenditure
11.2. Double entry system for revenue and capital expenditure
11.3. Classification of expenditure
Topic 12: Adjustments to Final Accounts
12.1. Meaning of final accounts
12.2. Purpose of final accounts adjustment
12.3. Procedure of making adjustments in final accounts
Topic 13: Accounting for Fixed Assets
13.1. Definition of depreciation
13.2. Causes of depreciation
13.3. Reasons for providing for depreciation
13.4. Methods of providing for depreciation
13.5. Double entry for depreciation
13.6. Accounting for disposal of fixed assets
13.7. The fixed asset movement schedule
Topic 14: Final Accounts for Sole-Proprietorship
14.1. Definition of final accounts
14.2. Types of final accounts
14.3. Preparation of final accounts
Topic 15: Non-Profit Making Organizations
15.1. Definition of non-profit making organisations
15.2. Differences between receipts and payment accounts
15.3. Relationship between income and expenditure accounts
15.4. Preparation of final accounts of non-profit making organisations
Topic 16: Emerging Trends and Issues in Financial Accounting
16.1. Emerging trends and issues in financial accounting
16.2. Challenges posed by emerging trends and issues in financial accounting
16.4. Coping with the challenges posed by emerging trends and issues in financial accounting to managing emerging financial issues.
