AD21: FINANCIAL ACCOUNTING
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This paper is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to account for various basic financial transactions and prepare financial statements.
A candidate who passes this paper should be able to:
Apply accounting concepts in preparation of financial statements
Apply the double entry aspects of accounting
Account for assets and liabilities
Prepare financial statements of a sole trader, partnership and companies
Weekly Course Recap Zoom Session
What Will I Learn?
- Accounting concepts
- Double entry aspects of accounting
- Account for assets and liabilities
- Financial statements of a sole trader, partnership and companies
Topics for this course
INTRODUCTION TO ACCOUNTING
The accounting framework
Sources of regulations at national and global levels; the law (Companies Act), professional bodies, global regulatory bodies
Accounting standards (IASs/IFRSs) (their importance and limitations)
ACCOUNTING FOR ASSETS AND LIABILITIES
CORRECTION OF ACCOUNTING ERRORS AND THE SUSPENSE ACCOUNT
FINANCIAL STATEMENTS OF A SOLE TRADER
EMERGING ISSUES AND TRENDS
About the instructors
e-Learning Training and Consultation
Globopoint Consultants Limited is a fully registered Research, Training, and Consultancy firm based in Mombasa Kenya serving the entire East African region and beyond. The company is geared towards building professionals, entrepreneurs, growing businesses, and fostering sustainable economic development.
Globopoint Learning center is a fully accredited institution run by Globopoint Consultants Limited to specifically nurture modern-day professionals in the business field in an easy, practical, and convenient way.