BBA 102 Principles and Practices of Management Notes

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Topic 1: Introduction to Accounting Definition of terms used in accounting Users of accounting information Information needs Qualities of good accounting information Nature of accounting equation Effects of business transactions on balance sheet Topic 2: Accounting Concepts, Conventions and Bases Definition of accounting Concepts, Conventions and Bases Types of accounting Concepts, Conventions and Bases Topic 3: Source Documents Meaning of source documents Types of source documents Uses of source documents Relationship between Source documents and Books of Accounts Topic 4: Books of Original Entry Definition of books of original entry Classification of Books of Original Entries Preparation of Books of Original Entries Posting transactions from the books of original entry to the ledger Topic 5: The Ledger and the Trial Balance Definition of a Ledger and an Account Importance of a Ledger Relationship between a ledger and an account Classifications of ledgers Nature of double-entry system Definition of a Trial Balance Balancing off of accounts Extracting of a trial balance Importance of a trial balance Topic 6: Types of Errors and their Correction Types of errors that do not affect the agreement of a trial balance Types of errors that affect the agreement of a trial balance Functions of suspense account Correction of errors using a Suspense Account Topic 7: Single entry and Incomplete Records Explanation of terms Ascertainment of profits Conversion of single entry to double entry Topic 8: Final Accounts for Sole-Proprietorship Definitions of final accounts Types of final accounts Preparation of final accounts Topic 9: Adjustments to Final Accounts Meaning of final accounts Purpose of final accounts adjustments Procedure of making adjustments in final accounts Topic 10: The Cashbook Definition of Cash book Types Cash book Types of discount Recording transactions in a cash book Topic 11: Petty Cashbook Definition of petty cashbook Imprest System Purpose of Petty Cash Preparation of Petty Cash Topic 12: Bank Reconciliation Statements Definition of bank reconciliation statements Purposes of preparing bank reconciliation statements Causes of the differences between bank statements and the cashbook balance Steps/procedure in preparing bank reconciliation statement Topic 13: Capital and Revenue Expenditure Definition of Capital and Revenue Expenditure Double-entry system for revenue and capital expenditure Classification of Expenditure Topic 14: Control Accounts Definition of control accounts Uses of control accounts Preparation of Control Account Topic 15: Accounting for Fixed Assets Definition of depreciation Causes of depreciation Reasons for providing for depreciation Methods for providing for depreciation Double-entry for depreciation Accounting for disposal of fixed assets The fixed asset movement schedule Topic 16: Non-Profit Making Organizations Definition of Non-profit making organization Differences between Receipts and Payment accounts Relationship between Income and Expenditure accounts Preparation of final accounts of Non-profit making organization Topic 17: Emerging Issues and Trends in Financial Accounting Emerging issues and trends in financial Accounting Challenges posed by emerging issues and trends in financial Accounting Coping with the challenges posed by emerging issues and trends issues in financial Accounting

BBA 102 Principles and Practices of Management is a unit taken by B/Com students at Kenyatta University.  It is also taken as an elective by other departments such as education arts, economics, business management and business administration.

BBA 102: Principles of Management Notes

BBA 102: Principles of Management Past Papers

BBA 102 Principles of Management Past Papers April 2012

BBA 102 Principles of Management Past Papers February 2018

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