Course Outline
Special
Accounting Course:
Introduction to Accounting
- What is
Accounting - What is Accounting Information
- Accounting as Tools of Decision Making
- What is the purpose and significance of accounting
- Double-entry accounting system Vs. Single-entry accounting system
- Bookkeeping vs. Accounting
- Financial reporting process
The Balance Sheet - What is Balance Sheet?
- Parts of Balance Sheet
o Assets
o Current assets
o Fixed Assets
- Cost Principle
Appraisal - Liabilities
- Owner’s Equity
- Recording transactions into balance sheet
- Exercises and problems
Assignment Ledgers - What is a ledger, Ledger account
- Forms of an account
o “T” form of an account
o Running Balance form of an account
Appraisal - Rules of Debit and Credit
o Assets
o Liabilities
o Owner’s Equity
- Recording Transactions in to ledgers
Practice Assignment Journal - What is a journal
- The benefits & purposes of a journal
- Entering transactions into journals
Practice - Posting transactions from journals to ledgers
- Recording transactions into journals and posting into ledgers
Assignment Trail Balance - What is a trial balance
- How to trace errors
- Exercises and Problems (Journal >Ledger> Trial Balance)
Accounting Cycle Recording transaction in the journal
Post to Ledger
Accounts Prepare a Trail Balance
*Recording Adjusting Entries
*Adjusting Trail Balance
Financial Statements
o What is Income Statement
§ What is Revenue
·
What is the rules of Dr & Cr for Revenue ·
When to record Revenue § What is Expenses
·
What is the rules of Dr& Cr for Revenue ·
When to record Expenses Practice *Closing Entries
*After Closing Trail Balance
Assignment Note: Here only an introduction will be given to steps marked as (*) Adjusting Entries - To Record Cost
- To record unearned revenue
Appraisal - To record unrecorded expenses
- To record unrecorded revenue
Assignment Adjusting Trial Balance - To Record Cost
- To record unearned revenue
- To record unrecorded expenses
- To record unrecorded revenue
Financial Statements - Income statements (Calculation income through Revenue and expenses)
- Owner Equity Statement (Calculating Owner Equity from Income, Investment and Drawing
- Balance Sheet
- Exercises and Problems
Closing Accounts - Closing temporary accounts
o
Revenue Accounts o
Expense Accounts o
Income summary Account o
Owner’s Drawing Account - Preparation for the next accounting cycle
All Accounting cycle practice in computer 1. Recording transaction in the journal
2. Post to Ledger Accounts
3. Prepare a Trail Balance
4. Recording Adjusting Entries
5. Adjusting Trail Balance
6. Financial Statements
7. Closing Entries
8. After Closing Trail Balance
Cash flow and bank Reconciliation - What is cash
- Cash receipts and disbursements
- Cash Book (single column, double column, triple column)
- Cash over and short
- Vouchers
- Bank book
- Bank reconciliation statement
- Problem and exercises
Exchange Rate a. What is exchange rate
b. How to record exchange rate
c. What is exchange gain
d. What is exchange loss
For more details Please contact by bellow Contact addresses:
email ID: wahidsahil@gmail.com, wahid.rahmani@gawab.com
Cell: +93(0)700 672 285