Uhasibu wa Awali

Mada

• Demonstrate mastery of the principles of Bookkeeping

  Mada 2

  • Prepare a Trial balance

    Mada 2

    • Describe control accounts→
    • Prepare Purchases and Sales Ledgers as further controls of the arithmetical accuracy of ledger accounts→

• Prepare basic financial statements

  Mada 5

  • Prepare basic profit and loss statements

    Mada 3

    • Describe the necessary adjustments needed in the preparation of financial statements (depreciation, bad debts and doubtful debts)→
    • Prepare a comprehensive income statement with adjustments→
    • Estimate profit or loss for the period from incomplete records→

  • Prepare basic business financial position statements

    Mada 2

    • Differentiate between capital and revenue expenditures and their effect on financial statements→
    • Prepare a comprehensive statement of financial position→

• Prepare financial statements for non-commercial institutions

  Mada 3

  • Demonstrate an understanding of commercial and non-commercial organisations

    Mada 1

    • Describe For-Profit, Not-For-Profit and Non-Profit organizations (motive, owners, management, sources of income, accounting etc.)→

  • Prepare financial statements of non-commercial organisations

    Mada 2

    • Describe important items relating to the accounting of Not-For-Profit organizations→
    • Prepare the relevant accounts for Not-For-Profit organizations (receipts and payments accounts, income and expenditure statements and a statement of financial position)→

• Demonstrate mastery of financial assets control

  Mada 2

  • Adjust records in financial statements

    Mada 2

    • Describe the basis of accounting (cash basis and accrual basis)→
    • Adjust various recorded business transactions in the financial statements based on appropriate accounting basis (accruals and pre-payments)→