Accounting

Like the main stream Accounting 101 and 102 programs, Accounting 1F and 1G are designed to meet the educational needs of prospective chartered accountants. These courses are not semesterised. Accounting 1F concentrates a lot on the basic bookkeeping skills that are needed by an accountant while Accounting 1G applies these skills to various business types.

By the end of your Accounting 1F course, if you have applied yourself, you should be able to:

• Understand the basic concepts of the Accounting Cycle

• Distinguish between the various account types

• Prepare various financial statements

• Be able to use different journals, ledgers and worksheets as required

• Understand and apply various methods of Inventory accounting

• Account for Non-current assets as well as Current assets as required by GAAP

By the end of your Accounting 1G course, if you have applied yourself, you should be able to:

• Apply various Accounting Controls

• Prepare a cash flow statement

• Account for Partnerships

• Account for Companies