SHS 2 Financial Accounting

SECTION ONE: CORRECTION OF ERRORS AND SUSPENSE ACCOUNT
Unit 1: Errors that do not affect the agreement of the Trial Balance
Unit 2: Errors that affect the agreement of the Trial Balance
Unit 3: Correct errors by using the General Journal and Suspense account
Unit 4: Effect of errors on profit and Preparing the Statement of Adjusted Net Profit/Loss
Unit 5: Redraft ledger accounts, Trial Balance and the Balance sheet after correcting errors
SECTION TWO: BANK RECONCILIATION STATEMENT
Unit 1: Definition and Purpose of Bank Reconciliation Statement
Unit 2: Reasons for differences between Cash Book and Bank Statement Balances
Unit 3: Up-dating the Cash Book
Unit 4: Preparation of the Bank Reconciliation Statement
SECTION THREE: SELF-BALANCING LEDGERS (CONTROL ACCOUNTS)
Unit 1: Nature and Purpose of Control Accounts.
Unit 2: Advantages and Disadvantages of Control Accounts
Unit 3: Preparation of Sales Ledger and Purchases Ledger Control Account (Total Debtors and Total Creditors Accounts)
Unit 4: Reconciliation of Control Accounts
SECTION FOUR: SINGLE ENTRY AND INCOMPLETE RECORDS
Unit 1: Nature and Purpose
Unit 2: Computation of Profit or Loss from Single Entry Records
Unit 3: Computation of Credit Purchases and Credit Sales figures
Unit 4: Preparation of Final Accounts from a set of Incomplete Records
SECTION FIVE: ACCOUNTING FOR CLUBS AND SOCIETIES
Unit 1: Nature and Sources of Income for Clubs and Societies.
Unit 2: Different Accounting Terminologies
Unit 3: Computation of Accumulated Fund
Unit 4: Receipts and Payments Accounts
Unit 5: Income and Expenditure Accounts
Unit 6: Subscriptions Accounts
SECTION SIX: ACCOUNTING FOR MANUFACTURING CONCERNS
Unit 1: Main Purpose of Manufacturing Accounts
Unit 2: Cost Classification in Manufacturing Accounts
Unit 3: Computation of Prime Cost and Production Cost
Unit 4: Preparation of Final Accounts of Manufacturing Concerns
Unit 5: Treatment of Unrealized Profit in the Accounts
SECTION SEVEN: DEPARTMENTAL AND BRANCH ACCOUNT
Unit 1: Nature and Preparation of Departmental Accounts
Unit 2: Nature and Preparation of Branch Accounts
Course Features
- Lectures 26
- Quizzes 6
- Skill level SHS 2
- Language English
- Students 54
- Assessments Yes
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CORRECTION OF ERRORS AND SUSPENSE ACCOUNT
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BANK RECONCILIATION STATEMENT
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SELF-BALANCING LEDGERS (CONTROL ACCOUNTS)
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SINGLE ENTRY AND INCOMPLETE RECORDS
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ACCOUNTING FOR CLUBS AND SOCIETIES
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ACCOUNTING FOR MANUFACTURING CONCERNS
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RESOURCES