1. Nature and Significance of Book keeping and Accounting

1.1. Development of accounting

1.1.1. Branches of accounting

1.2. Objectives of bookkeeping and accounting

1.3. Users and characteristics of Accounting information

1.4. Principles, concepts, and conventions of accounting

1.5. Role of accounting records and information

2. Principles of Double Entry

2.1. source documents

2.2. Books of original entry

2.3. Accounting equation

2.4. The ledger and its classifications

2.5. Trial balance

2.6. Types and correction of errors

2.7. Suspense Account

3. Ethics in Accounting

3.1. Objectives of ethics in accounting

3.2. Qualities of an Accountant

4. Cashbook

4.1. Columnar cashbooks

4.1.1. single column

4.1.2. double column

4.1.3. three column

4.2. Discounts

4.3. Petty cashbook and the imprest system

5. Bank Transactions and Reconciliation Statements

5.1. Instrument of bank transactions

5.2. E-banking system

5.3. Causes of discrepancies between cashbook and bank statement

5.4. Bank reconciliation statement

6. The Final Accounts of a Sole Trader

6.1. Income statement (Trading and profit and loss account)

6.2. Statement of financial position (Balance sheet)

6.3. Adjustments

6.3.1. Provision for bad and doubtful debt

6.3.2. Provision for discounts

6.3.3. Provision for depreciation using straight-line and reducing balance methods

6.3.4. Accruals and prepayments

7. Stock Valuation

7.1. Methods of cost determination using FIFO, LIFO and simple average

7.2. The advantages and disadvantages of the methods

7.3. The importance of stock valuation

8. Control Accounts and Self-balancing Ledgers

8.1. Meaning and uses of control accounts

8.2. Purchases ledger control account

8.3. Sales ledger control account

8.4. Importance of control accounts

9. Incomplete Records and Single Entry

9.1. Determination of missing figures

9.2. Preparation of final accounts from incomplete records

9.3. Conversion of single entry to double entry

10. Manufacturing Accounts

10.1. Cost classification

10.2. Cost apportionment

10.3. Preparation of manufacturing account

11. Accounts of Not-For-Profit-Making Organizations

11.1. Objectives of Not-For-Profit-Making organizations

11.2. Receipts and payments account

11.3. Income and expenditure account

11.4. Statement of financial position (Balance sheet)

12. Departmental Accounts

12.1. Objectives of departmental accounts

12.2. Apportionment of expenses

12.3. Departmental trading and profit and loss account

13. Branch Accounts

13.1. Objectives of branch accounts

13.2. Branch accounts in the head office books

13.3. Head office account

13.4. Reconciliation of branch and head office books

14. Joint Venture Accounts

14.1. Objectives of Joint Venture Accounts

14.2. Personnel accounts of venturers

14.3. Memorandum Joint venture accounts

15. Partnership Accounts

15.1. Formation of partnership

15.2. Profit and loss account

15.3. Appropriation account

15.4. Partners current and capital accounts

15.5. Treatment of goodwill

15.6. Admission/retirement of a partner

15.7. Dissolution of partnership

15.8. Conversion of a partnership to a company

16. Introduction to Company Accounts

16.1. Formation and classification of companies

16.2. Issue of shares and debentures

16.3. Final accounts of companies

16.4. Accounting ratios

16.5. Distinction between capital and revenue reserves

17. Public Sector Accounting

17.1. Comparison of cash and accrual basis of accounting

17.2. Sources of government revenue

17.3. Capital and recurrent expenditure

17.4. Consolidated revenue fund

17.5. Statement of assets and liabilities

17.6. Responsibilities and powers

17.6.1. The Accountant General

17.6.2. The Auditor General

17.6.3. The Minister of Finance

17.6.4. The Treasurer of local government

17.7. Instruments of financial regulation

18. Information Technology in Accounting

18.1. Manual and computerized accounting processing system

18.2. Procedures involved in data processing

18.3. Computer hardware and software

18.4. Advantages and disadvantages of manual and computerized accounting processing system