CA11: Financial Accounting

This course equips learners with the fundamental knowledge and practical skills required to prepare, record, classify, and report financial information in accordance with accepted accounting principles and applicable financial reporting standards. It introduces learners to the accounting cycle, double-entry bookkeeping, preparation of financial statements, and the interpretation of financial information, providing a strong foundation for advanced studies in accounting and finance.

Key Topics Covered

• Introduction to Financial Accounting
• Accounting Concepts and Principles
• The Accounting Equation
• Double-Entry Bookkeeping
• Books of Original Entry
• Ledger Accounts
• Trial Balance
• Cash Book and Bank Reconciliation
• Control Accounts
• Accounting for Inventories
• Accounting for Non-Current Assets and Depreciation
• Accounting for Receivables and Payables
• Accruals and Prepayments
• Correction of Errors and Suspense Accounts
• Financial Statements for Sole Proprietorships
• Introduction to Partnership Accounts
• Introduction to Company Accounts
• Financial Statement Analysis
• Professional Ethics in Accounting