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BSc Computing
FAC1502 - Financial Accounting Principles, Concepts, and Procedures
FAC1502 - Financial Accounting Principles, Concepts, and Procedures
THE BASIC PRINCIPLES AND CONCEPTS OF ACCOUNTING
1.1
The Nature of Accounting Principles and Objectives of Accounting
1.2
The Financial Position
1.3
The Financial Performance (Result)
1.4
The Recording of Transactions
COLLECTING AND PROCESSING THE ACCOUNTING DATA OF ENTITIES
2.1
Processing Accounting Data
2.2
Adjustments
2.3
The Closing-off Procedure, Determining Profit of an Entity and Preparing Financial Statements
ACCOUNTABILITY FOR CURRENT AND NON-CURRENT ASSETS
3.1
Cash and Cash Equivalents
3.2
Trade and Other Receivables
3.3
Inventory
3.4
Property, Plant and Equipment
3.5
Other Non-Current Assets
ACCOUNTABILITY FOR CURRENT AND NON-CURRENT LIABILITIES
4.1
Current Liabilities
4.2
Non-Current Liabilities
ACCOUNTING REPORTING
5.1
Financial Statements of a Sole Proprietorship
5.2
Nonprofit Entities
5.3
Incomplete Records