23012_FUNDAMENTALS OF ACCOUNTING

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About Course

MODULE 1 – INTRODUCTION AND CONCEPTUAL BASIS OF ACCOUNTING

Meaning of Accounting; Objectives of Financial Accounting and Reporting – Users of Financial Accounting Information – Limitations of Accounting –Basic terms in accounting- Accounting Concepts & Conventions, GAAP.

MODULE 2 – FRAMEWORK OF ACCOUNTING

Accounting Cycle – Classification of Accounts (based on Accounting Equation Method) – Process of Journalising – Posting to Ledgers – Preparation of Trial Balance.

MODULE 3 – FINAL ACCOUNTS OF SOLE TRADING CONCERN

Preparation of Final Accounts of a Sole Trade – Meaning of Final Accounts -Trading Account – Meaning, Purpose and Preparation- Profit and Loss Account- Meaning, Purpose and Preparation. Balance Sheet- – Problems on preparation of Trading & Profit & Loss Account and Balance Sheet.

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Course Content

MODULE 1

  • 1.1 Introduction and Conceptual basis part I- meaning and objectives
    00:00
  • 1.2 Users of Financial Information
    00:00
  • 1.3 Advantages and limitations of accounting
    00:00
  • 1 4 Basic Terms in accounting
    00:00
  • 1.5 Accounting Concepts and conventions
    00:00
  • 1.6 GAAP
    00:00

MODULE 2- FRAMEWORK OF ACCOUNTING

MODULE 3 – FINAL ACCOUNTS

Assignments
Submit all the three assignments at the earliest in order to qualify for the certificate along with tests.

TESTS
Excel in the 3 tests along with the assignments in order to complete the course. The Final test is the ultimate test you have to answer to obtain certificate.

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