Internal Staff Courses (5th Batch)

Course Objective 

The objective of this course is to develop the knowledge and understanding of the students regarding the main types of business transactions and their supporting documentation and how these are recorded in an accounting system.

Learning Outcome

After completion of this course students are expected to describe business transactions and demonstrate skills in analyzing and recording these transactions in. On successful completion of the course students will be able to:

• Describe the different types of business transactions and their supporting documentation;
• Identify the two sides of transactions under the double entry system;
• Describe how cash transactions are reflected in the books of the company and the records of the bank;
• Prepare a sample payroll in the Ethiopian context; 
• Describe the different categories of ledger accounts;
• Demonstrate skills in recording sales and credit transactions and purchases and credit transactions;
• Demonstrate skills reconciliation bank and cash records; and
• Prepare a trial balance.

Content

Section One: Types of business transactions and documentation

Section Two: Duality of transactions and the double entry system

Section Three: Ledger Accounting

Section Four: Sales and credit transactions

Section Five: Purchases and credit transactions

Section Six: Cash and bank

Section Seven: Bank system and transactions

Section Eight: Payroll

Course Objective​​

To develop basic knowledge and skills required to maintain financial records and technical ability in the use of double-entry accounting techniques including the preparation of basic financial statements that are not marred by sophisticated financial reporting standards.​

Learning Outcome​

After completion of the course students are expected to have the following competence:​

1. Explain generally accepted accounting principles and concepts​
2. Outline the principles and process of basic bookkeeping​
3. Prepare journals and ledger accounts ​
4. Record transactions and events​
5. Prepare a trial balance (including identifying and correcting errors)​
6. Reconcile the control accounts and cashbook ​
7. Extend the trial balance, process year-end adjustments and prepare final accounts​
8. Account for partnerships.​

Content

Section One​: Generally Accepted Accounting Principles and Concepts

Section Two​: Recording Transactions and Events

Section Three​: Reconciliations

Section Four​: Preparing Trial Balance and Errors

Section Five​: Financial statements and ethical principles

Section Six​: Public Sectors Organizations’ Perspective

Course Objective

To develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements.

Learning Outcome

After completion of the course students are expected to have the following competence:

1. Explain the context and purpose of financial reporting
2. Define the qualitative characteristics of financial information
3. Demonstrate the use of double-entry and accounting systems
4. Record transactions and events
5. Prepare a trial balance (including identifying and correcting errors)
6. Prepare basic financial statements for incorporated and unincorporated entities.
7. Prepare simple consolidated financial statements
8. Interpretation of financial statements

Content

Section One: The context and purpose of financial reporting

Section Two: Recording basic transactions and balancing ledger

Section Three: Recording transactions and events

Section Four: Reconciliation

Section Five: The trial balance, errors and suspense accounts

Section Six: Preparing basic financial statements

Section Seven: The consolidated financial statements

Section Eight: Interpretation of Financial Statements

Section Nine: Partnership Accounting

Section Ten: Incomplete Records

Section Eleven: Public Sector Organizations’ Perspective