Advanced Diploma → Accounting and Finance (AdvDip)

(Date: June | Duration: 1 Month) Accounting with Global Perspective (06)


Description
This course covers the full accounting cycle for individuals with little or no accounting
background. Topics include accounting as an information system; introduction to
accounting theory; income measure; traditional record keeping; the accounting cycle; special
journals; cash and financial statements.


COURSE OBJECTIVES

• To introduce students to accounting with a view to understanding basic information conveyed
in financial statements


COURSE OUTCOMES

• Describe the nature
and purpose of accounting information including its limitations and basic concepts.
• Apply generally accepted accounting principles in the analysis and recording of business
transactions. Apply the basic principles of double-entry bookkeeping to record transactions for
both a service and a merchandising business.
• Prepare a trial balance.
• Analyze and record adjusting journal entries.
• Prepare financial statements (Income Statement, Statement of Owner's Equity and the Balance
Sheet) for a service business and merchandising business
• Prepare closing journal entries and close a set of books
• Describe and differentiate the three forms of business organization
• Determine the value of ending inventories under alternative generally accepted accounting
methods
• Apply estimating techniques to value ending inventories for interim financial statements and
to estimate inventory shortages

Module Date: June

Content
  • 1.1 Slides - Accounting Basics
  • 1.2 Slides - Basic Concepts of Financial Accounting.PPT
  • 1.3 Slides - Creative Account_ Fraud and International Accounting.pptx
  • 1.4 Slides - Global Management Accounting Principles.pptx
  • 1.5 Book Keeping 101
  • 1.6 Reflections
Completion rules
  • All units must be completed
  • Leads to a certification with a duration: Forever