Practical Approach to Accounting & Book- Keeping

GL Level 2

A course designed for students to provide a strong foundation in the basics & practical approach of accounting. Organized in a clear, easy-to-follow format, the course contains a plethora of learning tools and practice opportunities through online lectures & practical assignments to help students immediately put their skills to use. Professionally designed for modern accounting techniques and resources, including International Standards and new trends in banking technology, students are prepared to start exciting careers in the field of accounting.
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The main goal of this level is to provide the students with a step ahead Knowledge of Book-keeping & Accounting practices and to carry out other Accounting processes through preparation of Other Accounting Books and statements.

Following contents will be the major part of the Course:

  • Partnership Accounts
  • Fundamentals of Partnership
  • Changes in Partnership
  • Admission of New Partner
  • Retirement or Death of Partner
  • Dissolution of Partnership
  • Financial Statements of Companies
  • Financial Analysis
  • Companies Accounts
  • Accounting Ratios
  • Cash Flow Statements 

 

Learning Outcomes 

After completing this course, you will be able to: 

  •  Define bookkeeping and accounting
  • Explain the general purposes and functions of accounting
  • Explain the differences between management and financial accounting
  • Describe the main elements of financial accounting information – assets, liabilities, revenue and expenses
  • Identify the main financial statements and their purposes.
  • State the uses and users of accounting information;
  • Explain and apply accounting concepts, principles and conventions;
  • Record basic accounting transactions and prepare annual financial statements; and analyse, interpret and communicate the information contained in basic financial statements and explain the limitations of such statements.