Location

Community Services & Continuing Education - Alexandria

Objectives

• • To improve the accounting understanding and knowledge of students and graduates. • To equip the students and graduates with the English concepts and terminologies that are highly required in the labor market.

Outcomes

Upon successful completion of this course, the learners will be able to:• Demonstrate an understanding of alternative methods of costing inventory - FIFO, LIFO, and weighted average including the effects of each method on the financial statements.• Journalize and post transactions using special journals and subsidiary ledgers using appropriate terminology. • Demonstrate an understanding of the essential features of an internal control system, on a specific asset—cash.• Apply direct write off and allowance method of accounting for bad debts and prepare appropriate adjusting entries required under each method using appropriate terminology.• Determine the cost of plant assets, explain 'depreciation' in the context of accounting and apply commonly used depreciation methods, including straight line, declining balance, and output or activity method.

Course Contents

Part of the: Foundation Certificate in Business Administration• Inventory Valuation (Periodic)• Inventory Valuation (Perpetual)• Inventory Valuation issues• Special Journals and Sub-ledgers• Internal Control and Cash• Bank Reconciliation• Valuation of Accounts Receivable• Notes Receivables• Fixed Assets (Depreciation)• Fixed Assets (Disposition)