AD11: Introduction to Financial Accounting

This course equips learners with the fundamental knowledge and practical skills required to understand the principles of financial accounting and the preparation of basic financial records. It introduces learners to bookkeeping, the double-entry system, accounting principles, and the preparation of financial statements, providing a strong foundation for further 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 Petty Cash Book
• Bank Reconciliation Statements
• Accounting for Inventories
• Accounting for Non-Current Assets and Depreciation
• Receivables and Payables
• Accruals and Prepayments
• Correction of Accounting Errors
• Suspense Accounts
• Preparation of Financial Statements
• Introduction to Financial Statement Analysis
• Professional Ethics in Accounting