Empowering students to reach their potentials.
In this unit, you will learn about various forms of business organisations which are usually set up by entrepreneurs as well as their advantages and disadvantages.
In this unit, you will learn the functions, responsibilities and qualities of an entrepreneur. Y
In this unit, you will learn about communication, effective communication and the importance of communication in an enterprise.
In this unit, you will learn about marketing and the difference between selling and marketing. You will be exposed to the importance of market and market research.
In this unit, you will learn about the importance of a business plan to entrepreneurs and the different components of the document. You will also be involved in writing a simple business plan for an enterprise.
In this unit you will learn about demand and supply as well as the factors affecting them. You will also read demand and supply diagrams and identify the equilibrium position.
In this unit, you will learn about money and its characteristics as well as functions. You will also be introduced to commercial banks and central banks as well as learn their functions
In this unit, you will learn about how people use their income either on spending and/or savings. People also borrow money to satisfy their needs and wants.
In this unit, you will learn the basis of trade while discovering about home and international trade. You will also learn about the importance of trading with other countries.
In this unit, you will record business transactions (cash, bank and credit) in the ledger while following the double entry principle
In this unit, you will calculate the balances of ledger accounts.
In this unit, you will identify debit and credit items in the ledger. Using these items, you will then learn and practise how to prepare a trial balance.
In this unit, you will practise recording in the income statement to find whether the enterprise has made profits or incurred losses.
In this unit, you will discover the statement of financial position in which enterprises record their assets, liabilities and capital.
In this chapter you will learn the difference between accounting and bookkeepin and the various tasks carried out by an accountant and a book keeper. You will also learn the effects of transactions on the accounting equation.
In this chapter you will learn how to record cash transactions, how to balance accounts and draft a trial balance.
In this unit you will learn how to record bank transactions in the ledger, balance off all the accounts and draft a trial balance.
In this chapter you will learn how to record credit transactions in the ledger.
In this chapter you will understand how to balance off all accounts in the ledger and how to draft a trial balance.
In this chapter you will learn how to prepare a simple income statement of a sole-trader to shoe Gross profit/loss and Profit/Loss for the year.
In this chapter you will understand how to prepare a statement showing the assets, liabilities and capital of a sole-trader.
In this chapter you will learn how to prepare a complete financial statements of a sole-trader.
In this chapter you will learn the types of accounts, types of ledgers and different books of prime entries.
In this chapter you will learn how to prepare a simple 2-column cash book.
In this unit you will learn how to prepare a three column cash book and the different types of discount.
In this chaper you will learn how to prepare a simple petty cash book and how the imprest system works.
In this chapter you will learn how to prepare a sale journal and a sales return journal.
In this chapter you will learn how to prepare a purchases invoice, purchases day book and purchases return day book.
In this chapter you will learn how to prepare sales ledger control account and purchases ledger control account.
In this chapter you will learn how to reconcile the cash book with the bank statement.
In this chapter you will learn the methods of calculating depreciation.
In this chapter you will learn the accounting entries for provision for bad debts.
In this chapter you will learn the definition and examples of capital and revenue expenditure and receipts.
In this chapter you will learn how to prepare the income statement and statement of financial position of a sole-trader taking into account various end of year adjustments.
In this chapter you will learn how to prepare the financial statements of a partnership business taking into account the partnership agreement and year end adjustments.
In this chapter you will learn how to prepare the manufacturing account to show the cost of producing goods.
In this chapter you will learn how to calculate and interpret profitability and liquidity ratios.
In this chapter you will learn how to prepare statement of affairs and calculate profit.
In this chapter you will learn how to convert single entries into double entries.
In this chapter you will learn how to prepare the financial statements of non-profit making organisations.
In this chapter you will learn how to prepare the final accounts of a company.
In this chapter you will learn the various accounting principles and concepts that must be applied when preparing financial statements.
In this ledger you will learn how to correct errors using the journal and how to calculate corrected profit.
In this chapter you will learn the basis of inventory valuation.
In this chapter you will learn the accounting principles and concepts adopted when preparing financial statements.
In this chapter you will learn the difference between capital and revenue expenditure / receipts.
In this chapter you will learn how to prepare an amended cash book and a bank reconciliation statement.
In this chapter you will learn the accounting entries for irrecoverable debt and allowance for irrecoverable debts
In this Chapter you will learn the various methods of calculating depreciation and the profit or loss arising from disposal of non current assets.
In this chapter you will learn how to correct errors made in the ledger and how to calculate corrected profit.
In this chapter you will learn how to calculate the profit or loss of a business where parts of the records are not available. The objective is to convert single entries into double entries.
In this chapter you will learn how to prepare the financial statements of partnership business.
In this chapter you will learn the accounting entries needed to record amount received on application and allotment of shares
In this chapter you will learn the accounting entries for bonus issue and rights issue.
In this chapter you will learn how to calculate and interpret the main accounting ratios.
In this chapter you will learn the basis of inventory valuation and its method.
In this chapter you will learn how to classify costs.
In this chapter you will learn how to calculate contribution, break even point, cs ratio and margin of safety.
In this chapter you will learn the accounting entries for admission/ retirement of partner and accounts to be adjusted in case there is change in profit sharing ratio.
In this chapter you will learn the accounting entries to close down a partnership business.
In this unit you will learn how to calculate and interpret various investment and solvency ratios for decision making.
In this chapter you will learn how to prepare the financial statements of a manufacturing business taking into account year end adjustments and providing for unrealised profit.
In this chapter you will learn how to prepare the financial statements of non profit making organisations.
In this chapter you will learn how to prepare a statement of cash flows according to IAS 7.
In this chapter you will learn the accounting entries needed when a business is acquiring another entity and when there is a merger.
In this chapter you will understand the duties of auditors and directors.
In this chapter you will learn the main differences between the accounting policy and the accounting estimate and its accounting treatment.
In this chapter you will learn the difference between adjusting events and non-adjusting events.
In this chapter you will learn the steps to follow for an impairment review.
In this chapter you will learn the appropriate recognition criteria for provision, contingent liabilities & assets
In this chapter you will understand the need for having ethics in accounting.
In this chapter you will learn the advantages and disadvantages of computerised accounting system and how it is implemented.
In this chapter you will learn how to use ABC technique to allocate cost to product
In this chapter you will learn how to prepare functional budgets.
In this unit you will learn how to calculate sales, material, labour and fixed overheard variances.
In this chapter you will learn the various techniques used by managers to select long term projects.
