The course content addresses the following topics:
- The role of accounting in business and introduction to the accounting process.
- An overview of the international financial reporting standards and the global accounting framework and the relevance of such standards in business.
- Recognition, definition and measurement of accounting elements in transactions.
- The accounting equation and analysis of transactions.
- Tracing of transactions through the entire process from inception to preparation of financial statements.
- Separate recognition of various items and processes in drafting financial information (VAT, Accounts Receivable and Bad debts, Accounts Payable and reconciliations, Bank reconciliation and cash etc.)
- Basic introduction to business, including the business environments and business functions.
- Computerised accounting module implementing accounting transactions through Pastel.
- Basic processing and drafting of documents and reports through Pastel.