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Course / Course Details

FORM 3 ACCOUNTING

  • Secondary Accounting Tutor image

    By - Secondary Accounting Tutor

  • 3 students
  • 16 Hours 40 Min
  • (0)

Course Requirements

Completing all assigned readings, participating in class discussions, submitting all assignments on time, and actively engaging in group projects. Additionally, students must maintain a high level of attendance and actively participate in all class activities.

Course Description

Students will learn basic accounting concepts, terminology, and procedures to develop a strong foundation in financial literacy. This course will cover topics such as journal entries, financial statements, and budgeting to prepare students for more advanced accounting courses in the future.

Course Outcomes

This course is designed to introduce students to basic accounting principles and practices. Students will learn how to prepare financial statements, analyze financial data, and understand the role of accounting in business operations. Course Objectives: - Understand the basic principles of accounting - Prepare financial statements including balance sheet, income statement, and cash flow statement - Analyze financial data to make informed business decisions - Understand the role of accounting in business operations Course Topics: 1. Introduction to Accounting 2. The Accounting Equation 3. Financial Statements 4. Accounting for Merchandising Businesses 5. Accounting for Inventory 6. Accounting for Cash 7. Accounting for Receivables 8. Accounting for Payables 9. Financial Statement Analysis 10. The Role of Accounting in Business Operations Assessment: - Quizzes and exams - Assignments - Class participation Textbook: - Accounting Principles by Jerry J. Weygandt Prerequisites: None Note: This course outline is subject to change at the discretion of the instructor.

Course Curriculum

  • 26 chapters
  • 93 lectures
  • 3 quizzes
  • 16 Hours 40 Min total length
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1 Nine Qualities of accounting information
2 Min


2 Nine Qualities of accounting information [Quiz]
N/A


3 The users of accounting information
3 Min


4 The users of accounting information [Quiz]
N/A


5 Objectives of accounting copy
3 Min

Objectives of accounting copy


6 Objectives of cost accounting 2
3 Min

Objectives of cost accounting 2


7 Objectives of accounting [Quiz]
N/A


1 post entries from the sales day book.
5 Min


2 record credit sales in the sales day book;
5 Min


3 the layout of a sales day book
5 Min


4 definitoin of a sales day book
5 Min


1 make journal and ledger entries from subsidiary books.
5 Min


2 keep auxiliary journals of cash, bank, purchases and sales
5 Min


3 definitin and to descriptoin auxiliary journals;
5 Min


1 the difference between a flow and a band‐width
5 Min


2 e types of flows in a transfer of data
5 Min


3 e analogical data and digital data, represent them and say in which part of the computer a data takes the analogical form and in which part it takes the digital form
5 Min


4 To define the following expressions: digital band‐width, data flow
5 Min


1 e the resolution of a screen
5 Min


2 the following units: DPI, Inch, Hertz, BPS, Pixel and X
5 Min


3 convert in data‐processing measurements units (Byte, Kilo byte, Megabyte, Giga byte, Terabyte)
5 Min


4 measuring units of hardware (screen, memory, processor, burner, printer)
5 Min


5 the measuring units in computer science, the multiple as well as sub multiples (Byte, kilo byte, Megabyte, Giga byte, Terabyte)
5 Min


1 e some common software applications and their uses: MS word, MS Excel, MS access, etc
5 Min


2 the differences between systems software and applications software.
5 Min


3 definitoin of software
5 Min


1 • state the different categories of computers and their brief historical evolution.
5 Min


2 state the types of personal computers
5 Min


3 function of their speed, storage capacity (capacities of the RAM and of the hard disk)
5 Min


4 state the role of microprocessor and name its various components.
5 Min


5 e the role of the following components: motherboard, sound card, video card, network card, modem
5 Min


6 the different IDE ports
5 Min


7 the various components that appear in front and behind the central processing unit.
5 Min


8 define the term hardware
5 Min


9 state the types of personal computers
5 Min


1 define a journal also known as general journal;
5 Min


2 present the layout of a journal
5 Min


3 record transactions in the journal.
5 Min


4 post entries from the journal
5 Min


1 definitoin of a petty cash book;
5 Min


2 present the layout of a petty cash book
5 Min


3 record transactions in the petty cash book.
5 Min


4 • post entries from the petty cash book
5 Min


1 post entries from the cash boo
5 Min


2 record transactions in the single-column, double-column and triple-column cash book
5 Min


3 define a cash book;
5 Min


1 post entries from the purchases returns day book.
5 Min


2 record returns outwards (purchases returns) in the returns outwards journal.
5 Min


3 present the layout of a returns outwards journal;
5 Min


4 a returns outwards journal;
5 Min


1 the layout of a returns inwards journa
5 Min


2 post entries from the sales returns’ day book
5 Min


3 record returns inwards (sales returns) in the return inwards journal
5 Min


1 post entries from the purchases day book
5 Min


2 record credit purchases in the purchases day book
5 Min


3 present the layout of the purchases day book
5 Min


4 define a purchases day book;
5 Min


1 the process of keeping compulsory books of accounts.
5 Min


2 errors in accounting entries within the year (cancellation of wrong entry using negative numbers and presenting the right entry thereof)
5 Min


3 accounting records (prerecording and pre-totalling
5 Min


1 the various daybooks to be kept and their uses.
5 Min


2 t the accounting cycle;
5 Min


3 definitoin of day books
5 Min


1 record transactions directly into ledger accounts;
5 Min


2 the balance of an account. • present a simple trial balance
5 Min


3 post entries into ledger accounts;
5 Min


4 the accounts of double entry;
5 Min


5 the double entry principle;
5 Min


1 The double entry system
5 Min


2 t the balance sheet equation; • evaluate items of financial position
5 Min


3 t the financial position of the business
5 Min


4 e the financial position of the business
N/A


1 accounting conventions; • define GAAP
5 Min


2 The different accounting concepts
5 Min


1 the IAS and IFRS that are in force and to briefly explain them
5 Min


2 the bodies that issue IAS and IFRS and to trace their history and functions
5 Min


1 journalise the creation and collection of bills and promissory notes
5 Min


2 establish bills of exchange and promissory notes
5 Min


1 journalise cash payment transactions
5 Min


2 define and prepare means of cash payments (bank and giro bank cheques, cash vouchers and receipts, payment and credit cards, internet and telephone payments, transfer orders, cash deposi
5 Min


1 Credit notes for: o returns of goods; o post-invoice trade discount. o Post-invoice cash discounts
5 Min


2 Journalise transactions with VAT for the supplier (perpetual and periodic inventory procedures) : • The invoice o without reductions; o with trade discounts; o with cash discount. o with
5 Min


1 post-invoice cash discoun
5 Min


2 Credit notes for: o returns of goods; o post-invoice trade discount
5 Min


3 The invoiceo without reductions; o with trade discounts; o with cash discount. o with transport;
5 Min


4 journalise transactions with VAT for the customer (perpetual and periodic inventory procedures):
5 Min


1 establish an exhaustive list of commercial documentary evidences or supporting documents relating to ordering, supplying, invoicing of goods (customer and supplier statements of accounts
5 Min


1 record VAT transactions
5 Min


2 determine the VAT Due or VAT Credit
5 Min


3 the VAT Invoiced and the VAT Recoverable
5 Min


4 taxable and tax exempted transactions
5 Min


5 the rates and principle of VA
5 Min


6 definitoin of VAT
5 Min


Instructor

Secondary Accounting Tutor

Our secondary accounting tutor plays a crucial role in educating students about the principles, practices, and theories of accounting, preparing them for further studies in accounting and related fields or for careers in finance, business, or entrepreneurship.

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