Enrolment options
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