Yakili | Lowersixth Commercial Acc & TIMS OHADA Financial Accounting

Course / Course Details

Lowersixth Commercial Acc & TIMS OHADA Financial Accounting

By - Michael Rolex
0 students
166 Hours 40 Min
(0)

Course Requirements

The course for Cameroon Lower Sixth Commercial Accounting and Techniques Informatiques et Managériales et de Secrétariat (TIMS) OHADA Financial Accounting on the Yakili app must provide a solid foundation in accounting principles, specifically those governed by the OHADA (Organisation for the Harmonisation of Business Law in Africa) accounting system, while emphasizing computer literacy and commercial applications.

The syllabus focuses on the core mechanics of double-entry bookkeeping as applied under the OHADA system, leading up to the preparation of basic financial statements.

Core Modules for Lower Sixth OHADA Financial Accounting

Module	Key Topics (Examples)	OHADA/Commercial Application
1. Accounting Principles (OHADA)	Definition and objectives of accounting. Accounting Equation ( $Assets = Liabilities + Owner's Equity$ ). Basic OHADA principles (prudence, going concern, materiality).	Understanding the foundational rules of financial reporting in Cameroon/Africa.
2. Source Documents & Books of Original Entry	Recognition and analysis of source documents (invoices, receipts, vouchers). Books of Original Entry (Sales Day Book, Purchases Day Book, Cash Book, Journal Proper).	Accurate recording of daily commercial transactions.
3. Double Entry & The Ledger	The Double Entry System and the rules of debit and credit. Posting transactions from books of original entry to the General Ledger. Balancing accounts.	Mastering the core mechanics of modern accounting.
4. The Cash Book & Bank Reconciliation	Maintaining the Two- and Three-Column Cash Book. Handling cash and bank transactions. Bank Reconciliation Statements (identifying and resolving discrepancies).	Managing and controlling a business's primary liquid assets.
5. Trial Balance & Errors	Preparation of the Trial Balance to verify arithmetical accuracy. Types of Errors (e.g., compensating errors, errors of omission) and their correction using the Suspense Account.	Ensuring the accuracy of financial records before finalization.
6. Introduction to Final Accounts	Trading, Profit and Loss Account (Income Statement). Balance Sheet (Statement of Financial Position). Basic year-end adjustments (closing stock, simple depreciation).	Preparing the basic financial reports required by OHADA.

Given the TIMS component, the course must integrate technology and structured practice.

OHADA Chart of Accounts: Provide an accessible, searchable, and annotated version of the OHADA Chart of Accounts, explaining the codes for major asset, liability, and expense accounts.
Virtual Ledgers: Integrate interactive, virtual ledger sheets and Cash Books where students can practice entering debits and credits and instantly check their double-entry balance.
TIMS/Spreadsheet Integration: Include tutorial videos demonstrating how to prepare a Trial Balance or simple Final Accounts using basic spreadsheet software (e.g., Microsoft Excel or Google Sheets), linking accounting concepts to IT skills.
Transaction Simulations: Use realistic commercial transactions relevant to the local economy to create problem sets, allowing students to trace the transaction from source document to the final account.
Formulas and Templates: Provide downloadable templates for the Trading, Profit & Loss Account, and the Balance Sheet structured according to the OHADA financial statement presentation rules.

Course Description

This Yakili online course, developed for the Cameroon GCE Advanced Level Commercial stream Accounting and TIMS syllabus, provides a critical and practical foundation in OHADA Financial Accounting. The course focuses on the application of the OHADA accounting system, which governs financial reporting across much of West and Central Africa. The curriculum systematically covers the entire accounting cycle, starting with the analysis of Source Documents and recording transactions in the Books of Original Entry (Day Books and Cash Book). It emphasizes mastering the Double-Entry System and the Ledger, maintaining Cash Control through Bank Reconciliation Statements, and identifying and correcting errors via the Suspense Account. Crucially, the course culminates in the preparation of basic Final Accounts (Trading, Profit and Loss Account, and Balance Sheet) for a sole proprietorship, presented in the required OHADA format. With its integration of IT-relevant skills (TIMS) via spreadsheet tutorials, this course ensures students are not only prepared for the GCE examination but also for practical accounting and financial roles.

Course Outcomes

Upon completion, the student will be able to:

OHADA Application: $\checkmark$ Apply the fundamental principles and conventions of the OHADA accounting system to classify accounts and record business transactions.
Record Keeping: $\checkmark$ Accurately record transactions in the appropriate Books of Original Entry and subsequently post them to the correct accounts in the General Ledger using double-entry rules.
Cash Control: $\checkmark$ Maintain a two- or three-column Cash Book and skillfully prepare a Bank Reconciliation Statement to verify the cash balance.
Error Correction: $\checkmark$ Prepare a Trial Balance and identify and correct various types of errors using a Suspense Account where necessary.
Financial Statement Preparation: $\checkmark$ Prepare the basic Trading, Profit and Loss Account (Income Statement) and the Balance Sheet (Statement of Financial Position) for a Sole Proprietorship in line with OHADA presentation formats.