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Class Overview
Welcome to the Financial and Management Accounting Class. The material for this course is provided by Copperbelt University lecturer, Byrne Kaulu.
The Financial Accounting part is useful for students doing BEC/HRM/BS/BF120. Those doing GBS520 need the extra management accounting topics that come after the financial accounting topics are done. This platform is managed by FourthIR limited. If you have any problems accessing the material, contact FourthIR. But if you have any problems with the content itself, contact the named material provider.
ChApter 1: introduction
ChApter 1: introduction
By the end of this lesson, you should be able to:
Define book keeping and accounting
Explain the differences between financial and management accounting
Explain the sources of accounting rules
Explain the objectives of financial statements and examples of financial statements
Describe the users of financial statements and their needs
Explain the fundamental and enhancing qualitative characteristics of financial information
Describe the three types of business that we account for
Explain the Elements of financial statements
Chapter 2: SOURCE DOCUMENTS AND BOOKS OF PRIME ENTRY
Chapter 2: SOURCE DOCUMENTS AND BOOKS OF PRIME ENTRY
By the end of this lesson, you should be able to:
Explain the accounting process workflow from source documents to financial statements
Describe the major source documents
Describe the books of prime entry
Prepare books of prime entry
Recommended Financial Accounting videos - from Open Tuition.Com
Chapter 1: Introduction
Chapter 2: Financial statements
Chapter 3: Double entry book-keeping
Chapter 4: Accruals and prepayments
Chapter 5: Provisions, contingent assets and contingent liabilities
Chapter 6: Depreciation of Non Current Assets
Chapter 7: Property, Plant and Equipment
Chapter 8: Irrecoverable debt and provision for bad debts
Chapter 9: Inventory
Chapter 10: Books of Prime Entry
Chapter 11: Journal Entries
Chapter 13: Accounting for limited liability companies (financial statements)
Chapter 14: Statement of cash flows
Chapter 15: Bank reconciliation statements
Intangible assets
Interpretation of financial statements
Adjustments to financial statements, suspense accounts and mark-ups
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