Accounting Certification

CERTIFICATE COURSE IN ACCOUNTING

Target Audience:

The target audience is Small scale business owners, artisans and anybody that is interested in basic accounting knowledge.

 

Course Contents

First Semester Courses

 

ACC 001 The fundamentals of accounting                                    2 Credit units

This section will focus on: definition of accounting, definition of bookkeeping, distinction between bookkeeping and accounting, purpose of accounting information, branches of accounting, objectives of financial accounting, accounting principles and concepts.

ACC 002    Source documents and subsidiary books                   2 Credit units

The core topics of this section are; meaning of source documents, types of source documents and importance of source documents, Meaning of subsidiary books, General journal and advantages of journal.

ACC 003   Ledgers and Principles of double entries            2 Credit units

This section focus on double entry system, features of double entry system, cash and credit transactions, ledgers, division of the ledger and application of double entry system in the ledger

ACC 004 Cash books and Imprest system                                     2 Credit units

This section concentrates on: (i). two column cash book: contral entries, rules for Debiting and Crediting the cash book, posting the ledgers from the cash books (ii). Three column cash books; discount allowed, discount received, cash and trade discount (iii). Petty cash book, (iv). Imprest system.

 

 

SECOND SEMESTER COURSES

ACC 005 Bank Reconciliation Statements                                        2 Credit units

Bank statement, differences between bank statement and bank reconciliation, causes of difference between bank statement and bank reconciliation statement, causes of differences between cash book and bank statement, reasons for reconciliation and preparation of bank reconciliation statement.

ACC 006  General Journals                                                              2 Credit units

The focus of this section is the general journals, advantages of journal, correction of errors, suspense account, uses of suspense account, procedures of correcting error and suspense and effect of error on net profit

ACC 007  Account of Non Profit making Organization                      2 Credit units

This section covers; sources of income for Non Profit making Organization, Receipt and Payment Account, Income and Expenditure Account and Sole Proprietorship Account

ACC 008  Element of cost Accounting                                                 2 Credit units

In this section, consideration is given to nature, classification and cost behaviour. The procedures employed for material management in an organization.

 

Course Duration:

The program will last for One Year.

 

Course Outcome:

To enable students to develop:

  1. Knowledge and understanding of the principles and practice of accounting for individuals, businesses, non-trading organisations and society as a whole.
  2. An understanding of accounting concepts, principles, policies, techniques, procedures and terminology.
  3. Improved accuracy, orderliness and the ability to think logically
  4. An excellent foundation for acquisition of basic accounting knowledge.