Uhasibu wa Awali

Mada

• Demonstrate mastery of the principles of Bookkeeping

  Mada 9

  • Demonstrate an understanding of the basic principles and theories of Bookkeeping

    Mada 4

    • Explain the concept of Book-keeping (origin, meaning, purpose, relationship with other disciplines and basic terms)→
    • Explain the basis for recording business transactions (accounting assumptions and principles)→
    • Describe the theory of the double-entry system of Book-keeping (the accounting equation)→
    • Describe various types of accounts (assets, liabilities, capital, revenue and expenses)→

  • Record business transactions using source documents

    Mada 3

    • Identify sources of business transactions (source documents)→
    • Record business transactions from various source documents→
    • Post recorded business transactions from books of original entry to ledger accounts and balance off the accounts→

  • Prepare a Trial balance

    Mada 2

    • Describe the trial balance→
    • Prepare a trial balance to check the arithmetical accuracy of ledger accounts→

• Prepare basic financial statements

  Mada 4

  • Prepare basic profit and loss statements

    Mada 2

    • Describe basic financial statements (meaning, types, purpose, content and format)→
    • Prepare a basic income statement→

  • Prepare basic business financial position statements

    Mada 2

    • Classify assets and liabilities→
    • Prepare a basic statement of financial position→